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Why Rivian Shares Sank Today

TheMotleyFool

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Why Rivian Shares Sank TodayPhoto, wide shot, wide-angle lens, Automotive service center, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/c8dbaa5e-abdb-40ac-b919-ed80785b056a.png

Rivian Automotive (NASDAQ: RIVN) stock is plummeting today, but it's not about anything the company told investors -- yet. Rivian shares were down 9.1% as of 11:48 a.m. ET Tuesday.

The drop came after fellow EV start-up Lucid Group provided its quarterly update, and investors seem to fear that some of what it said will apply to Rivian as well. Rivian will provide investors with its fourth-quarter and full-year 2021 update next Thursday, March 10.

Rivian R1S SUV on the production line at the company's Illinois manufacturing plant. Image source: Rivian Automotive.

Source Fool.com

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