CFRA reiterated a Sell rating on Rivian on Thursday after the company cut its 2025 delivery guidance for a second time in five months, sending shares down nearly 9% in early trading. The New York-led firm has a $8.00 price target on the EV maker, which implies a downside of 45.2% based on Wednesday’s close at $14.61. Production was also “shy of our 10,800 forecast,” the analyst added as Rivian reported 10,720 vehicles manufactured between July and September. The company is supported by federal and state incentives; however, investors still see it as a burden in the balance sheet. In late September, CNBC’s Mad Money host Jim Cramer also criticized the money spent at the upcoming plant, telling investors to avoid buying Rivian stock now.