RIVN is trading at $18.91 (-3.5%) amid broader EV sector weakness, countering slight market gains today.
- Morgan Stanley flagged a potential 'demand air-pocket' in 2026.
- The pullback follows recent gains fueled by Q4 deliveries and R2 hype, with shares closing at $19.59 on January 5.
- The analyst concern is tied to expired EV tax credits and customers awaiting LiDAR tech upgrades.