WKSP stock forecast aligns with broader equity market optimism as Federal Reserve signals potential rate cuts in early 2025, which could lower financing costs for expansion. Due to sustained demand for its EVs, Rivian reiterated its annual production forecast of 57,000 units. Rivian also managed to lower its annual capital expenditure forecast by $550 million to $1.2 billion by deciding to start making its more affordable R2 midsize SUV at its Normal, Illinois plant, instead of beginning production at a proposed plant in Georgia. Unlike Tesla and its EV peers, Rivian did not succumb to discounting, but opted to introduce less expensive models. Despite being so much weaker than Tesla, it somehow shielded itself. Then again, Rivian did beat Tesla in being the first to bring an all-electric truck to life as the R1T reached the road well before the Cybertruck. We have seen 1 institutional investors add shares of $WKSP stock to their portfolio, and 21 decrease their positions in their most recent quarter. WKSP stock forecast accounts for rising raw material costs; sustained inflation above 3% could challenge profit margins despite steady demand.