Why Rivian Stock Dropped Thursday
Shares of Rivian Automotive (NASDAQ: RIVN) tumbled in Thursday morning trading, down 6.3% as of 11:30 a.m. ET. Don't blame Rivian for the sell-off, though, because all the news on the electric truck start-up today is uniformly good.
In fact, we've got two positive news items on the radar for Rivian. In item No. 1, investment bank Morgan Stanley just put out a report on a survey of its clients who invest in EV stocks. As TheFly.com reports, Morgan Stanley's survey shows that 87% of investors prefer Rivian stock over that of rival Lucid Motors (NASDAQ: LCID).
Image source: Rivian.
Source Fool.com
