From Yahoo Finance: 2025-03-21 11:11:00

Rivian Automotive (NASDAQ: RIVN) experienced a notable stock market decline due to an analyst’s downgrade and a large-scale recall from a peer EV maker. Rivian’s share price dropped over 4%, contrasting with the S&P 500’s 0.2% dip. Analyst Alexander Potter downgraded Rivian with concerns about catalysts and trade risks.

Tesla announced a recall of over 46,000 Cybertrucks due to the risk of body panels falling off while driving. This marks the eighth recall for the Cybertruck, covering vehicles produced between November 2023 and February 2025. The recall poses safety concerns for other vehicles on the road.

The combination of negative company-specific and industry news led to a decline in Rivian’s stock. While there are positive elements in Rivian’s business, uncertainties in the U.S. auto industry and the EV segment are growing. Investors may want to approach Rivian stock cautiously amid these challenges and risks.

Read more: Why Rivian Stock Skidded to a 4% Loss on Thursday