Why Rivian Stock Fell Again Today
Shares of Rivian Automotive (NASDAQ: RIVN), an electric vehicle (EV) maker, slid again today as investors grew increasingly concerned about the company's rising vehicle prices.
Today's 10.3% plunge comes after the EV stock fell 29% last week.
For some context, Rivian told customers last week that the prices of its vehicles were going to increase as the cost of materials has gone up. The company initially said the price increases would not only be applied to new customers but also ones who had already preordered vehicles.
Source Fool.com
