Funding concerns are likely a big factor in today's valuation. With a share price just below $14.50, Rivian stock is valued at just 3x sales -- a deep discount to Tesla's 12.7x sales valuation. But funding concerns could soon be over.

What Happened? Shares of electric vehicle manufacturer Rivian (NASDAQ:RIVN) fell 7.3% in the afternoon session after Bank of America analysts downgraded the stock's rating from Hold to Sell and cut the target price from $13 to $10.

Shares of Rivian Automotive (NASDAQ: RIVN) plunged 9.7% shortly after 10 a.m. ET today, sinking to their lowest price so far this year. At least one analyst turned cautious about the electric vehicle (EV) maker's prospects after its weak outlook for 2025.

Fintel reports that on February 24, 2025, B of A Securities downgraded their outlook for Rivian Automotive (NasdaqGS:RIVN) from Neutral to Underperform. Analyst Price Forecast Suggests 16.56% Upside As of February 19,