Why Rivian Stock Is Tanking Again Today
After a sharp drop yesterday, the stock of Rivian Automotive (NASDAQ: RIVN) accelerated its slide on Thursday. This week alone, shares of Rivian have plummeted more than 20%. That includes a double-digit drop today, with the stock down 10% as of 10:30 a.m. ET.
Before today, the stock's decline came with general market sentiment that has gone against high-flying aggressive growth stocks recently. But today's swoon comes from nervous investors who may be questioning what has been thought of as one of Rivian's biggest advantages: its relationship with Amazon.
A Rivian R1T pickup. Image source: Rivian Automotive.
Source Fool.com
