Rivian stock sinks on UBS sell call as Wall Street cools on AI, R2 hype
New York, Jan 14, 2026, 15:54 EST — Regular session Rivian Automotive shares dropped roughly 7.6%, closing at $17.42 Wednesday afternoon, following UBS’s downgrade of the EV maker to “Sell.” (Investing.com) Investors have been banking on Rivian’s autonomy and software angle, hoping the cheaper R2 model will boost sales. But with 2025 deliveries dropping 18% and barely hitting estimates, the pressure mounts on the next product cycle and the earnings outlook. (Reuters) UBS analyst Joseph Spak highlighted “elevated expectations” surrounding AI and the upcoming R2, adding that “most AI-related news is already reflected” in the stock. He also noted “limited