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2 Reasons Why Rivian Stock Is Falling Today

TheMotleyFool

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2 Reasons Why Rivian Stock Is Falling TodayPhoto, wide shot, wide-angle lens, soft focus, Car rental company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-C39HK7mRtkD4E8dIGhNKdJKJ.png?st=2023-05-14T13%3A30%3A04Z&se=2023-05-14T15%3A30%3A04Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-13T20%3A57%3A44Z&ske=2023-05-14T20%3A57%3A44Z&sks=b&skv=2021-08-06&sig=c7kEiWtHt1KibrlL7jP9uEmEuV%2BuAnv1nRBACXoedSk%3D

Shares of the electric vehicle maker Rivian Automotive (NASDAQ: RIVN) fell this morning, likely because investors were processing news about growing frustration about wait times for customers who've pre-ordered Rivian vehicles. Rivan's stock may also be sliding today after another electric vehicle maker issued guidance that was lower than expected.

The EV stock was down by 5.7% as of 10:41 a.m. ET.

This morning Reuters reported that there's growing frustration among people who have pre-ordered Rivian vehicles -- some orders date back to 2019 -- and are waiting longer to receive their vehicles than people who ordered after them.

Source Fool.com

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