Rivian Stock: Analyzing the Recent Plunge

Rivian Automotive's stock is plummeting after an analyst downgraded its price target by nearly 35% due to a weak 2024 outlook, citing risks to production volumes and prolonged factory shutdowns. Despite efforts to ramp up production and improve gross loss per vehicle, concerns about demand, order fulfillment, and achieving a positive margin persist. Investors await the company's Q4 and full-year numbers on Feb. 21 for clarity on its path forward.