Rivian's stock outlook is split as Deutsche Bank upgrades to a buy rating while UBS maintains a more cautious stance. The electric vehicle maker, which went public in November 2021, has faced significant volatility amid production challenges and broader market concerns about EV profitability. Deutsche Bank's bullish call comes as Rivian works to scale production of its R1T pickup and R1S SUV models.

UBS analysts, however, point to execution risks and competitive pressures in the EV space as reasons for their neutral position. The conflicting analyst views highlight the uncertainty surrounding Rivian's path to profitability, with the company burning through cash while expanding its manufacturing capacity. Rivian delivered 13,992 vehicles in 2023, falling short of its 50,000-unit target.

The divergent ratings underscore the high-stakes nature of Rivian's growth story. Investors are weighing the company's ambitious plans against near-term headwinds, including supply chain constraints and the need for continued capital raises. The split between major Wall Street firms reflects the broader debate about whether Rivian can execute its vision in an increasingly crowded EV market.