Why Rivian Shares Dropped Today
Rivian Automotive (NASDAQ: RIVN) shares bounced around Thursday morning, rising as much as 2.3% before dropping 1.6%. As of 12:22 p.m. ET, Rivian shares were down 0.2%. A review of one of its R1T pickup trucks from a respected source may be what investors are keying in on today.
Online automotive industry resource Edmunds spent five months reviewing a Rivian R1T electric pickup truck over 5,000 miles, and it had some unflattering things to say. To be clear, the staff was impressed by what it first saw with the 2023 model year electric truck. But the review also stated that "we've encountered a number of issues that can't be fixed with new code beamed to our truck over the air."
Source Fool.com
