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Rivian Stock Is Down More Than 20% This Month And Was Just Downgraded. Is RIVN A Buy Or A Sell?

Rivian Automotive (RIVN) is looking to challenge Tesla (TSLA), Ford (F) and General Motors (GM) with its adventure-styled electric vehicles. RIVN shares surged 40% in December 2023 but have come back to earth to begin 2024, falling more than 50%.X Rivian reported reported a worse-than-expected loss in the first-quarter late on May 7 as the company lost $38,784 per vehicle delivered. Meanwhile, speculation has run rampant that Apple (AAPL) is looking to partner with the EV startup.Rivian announced a loss of ...