Why Rivian Stock Sank 39.8% in April but May Could Be Even Worse
It's becoming near impossible to catch the bottom in Rivian Automotive (NASDAQ: RIVN) stock. After a double-digit drop in March, Rivian shares tanked another 39.8% last month, according to data provided by S&P Global Market Intelligence.
The electric vehicle (EV) stock isn't done just yet -- it's down a gaping 16% in May as of 10:06 a.m. ET. And it may have further to fall.
Rivian has spent much of recent weeks warning investors about the several challenges facing the company.
Source Fool.com
