Rivian stock sinks on UBS sell call as Wall Street cools on AI, R2 hype
Rivian shares fell 7.6% to $17.42 after UBS downgraded the stock to “Sell,” citing limited near-term catalysts and concerns over cash burn. Wolfe Research also downgraded Rivian, projecting a $2.1 billion EBITDA loss in 2026 and $4 billion in free cash flow burn. Investors await Rivian’s Feb. 12 earnings for updates on cash flow and R2 launch timing.