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Why Rivian Stock Is Getting Clobbered Today

TheMotleyFool

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Why Rivian Stock Is Getting Clobbered Today: https://g.foolcdn.com/editorial/images/769357/rivian-r2-front-from-reveal.jpeg

Shares of Rivian Automotive (NASDAQ: RIVN) were trading lower on Thursday, a day after The Wall Street Journal reported that rival electric vehicle (EV) maker Fisker (NYSE: FSR) may be preparing to file for bankruptcy.

As of 2 p.m. ET, shares of Rivian were down about 8.3% from Wednesday's closing price.

Rivian last week revealed its next model, the R2 midsize electric SUV. Image source: Rivian Automotive

Source Fool.com

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