Rivian Automotive, Inc. (RIVN) is listed as one of the 13 Best Blue Chip Stocks to Buy Under $50. On December 8, Morgan Stanley downgraded RIVN to Underweight from Equal Weight with a $12 price target due to a more cautious outlook on electric vehicles lasting through 2026. Rivian introduced Autonomy+ subscription for self-driving features in their upcoming vehicles, priced at $2,500 upfront or $49.99 per month, competing with Tesla’s FSD package at $8,000 upfront and $99 per month. Rivian faces increasing pressure to demonstrate long-term growth amid slowing US electric vehicle sales and competition from Chinese EV makers. Rivian focuses on building and selling premium electric adventure vehicles emphasizing performance, utility, and technology.

Read more at Yahoo Finance: Rivian (RIVN) Faces Downgrade With $12 Target Intact at Morgan Stanley