"Rivian and Tesla Stocks Decline as EV Market Concerns Grow"

Shares of EV companies Tesla and Rivian are declining as concerns about a broader slowdown in electric vehicle (EV) demand and affordability weigh on the market. Barclays analysts have downgraded Rivian shares to Equal Weight, citing demand softness and pricing risks. Tesla's decision to cut prices on its Model Y raises concerns about margins, while the overall challenge for EV makers lies in re-accelerating growth amid slowing sales.