2 Reasons Why Rivian Stock Is Falling Today
Shares of the electric vehicle maker Rivian Automotive (NASDAQ: RIVN) fell this morning, likely because investors were processing news about growing frustration about wait times for customers who've pre-ordered Rivian vehicles. Rivan's stock may also be sliding today after another electric vehicle maker issued guidance that was lower than expected.
The EV stock was down by 5.7% as of 10:41 a.m. ET.
This morning Reuters reported that there's growing frustration among people who have pre-ordered Rivian vehicles -- some orders date back to 2019 -- and are waiting longer to receive their vehicles than people who ordered after them.
Source Fool.com
