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

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Source Fool.com