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Why Rivian Stock Crashed Today

TheMotleyFool

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Why Rivian Stock Crashed 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

Shares of Rivian Automotive (NASDAQ: RIVN) fell on Friday, following the release of the electric vehicle (EV) upstart's first quarterly results as a public company.

As of 1:50 p.m. ET, Rivian's stock price was down more than 10%.

The EV maker delivered the first of its R1T pickup trucks and R1S sport utility vehicles in September and December, respectively. Demand for Rivian's electric vehicles has been strong. Preorders for the R1T climbed to 71,000 as of Dec. 15, up from roughly 48,000 on Sept. 30.

Source Fool.com

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