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Rivian stock tanks on decline in deliveries: buy the dip?

Rivian Automotive Inc (NASDAQ: RIVN) ended more than 10% down on Tuesday after reporting a year-on-year decline in deliveries in the fourth quarter.Baird analyst shares his view on $RIVNCopy link to sectionThe electric vehicles company delivered 13,972 vehicles in the final quarter of 2023 – down 10.2% versus a year ago. Still, Ben Kallo – a Baird analyst dubs Rivian stock as the best idea for 2024. His research note last week said:Production improvements, use of inhouse developed components, and streamlini ...