Rivian's stock took a hit after landing its second downgrade. UBS analyst Joseph Spak just yanked the rating from Hold straight down to Sell—pretty aggressive move. His argument? The expectations baked into that new R2 lineup might be running way too hot. Think the market's getting ahead of itself on the sales numbers.

Here's the thing though: despite this downgrade, $RIVN stock is actually up 44% from earlier levels. So there's clearly still some bullish sentiment floating around, even with analysts pumping the brakes. The disconnect between the upside move and the negative call from a major bank analyst is worth watching—could signal either that the market's pricing in something the Street hasn't fully caught onto, or it's just momentum fighting the fundamentals.