"Rivian Stock Dips Amid EV Delivery Shortfalls and Recall Challenges"
Rivian Automotive's stock price dropped significantly at the start of 2024 due to a reported slowdown in Q4 deliveries, despite exceeding production forecasts. Goldman Sachs issued a lukewarm response by raising its price target on Rivian but maintaining a neutral recommendation, citing concerns over the company's ability to sustain pricing and growth in an increasingly competitive EV market. Investors are wary of Rivian's long-term profitability, with consensus views not expecting GAAP profits before 2030, leading to early-year selling of the stock.