Why Rivian Stock Is Crashing This Week

·2 min read
Why Rivian Stock Is Crashing This Week

Rivian Automotive (NASDAQ: RIVN) isn't giving its shareholders any respite -- the electric vehicle (EV) stock was down by 22.6% for the week as of 10:30 a.m. ET Friday, according to data provided by S&P Global Market Intelligence. At this point, Rivian has declined by a whopping 41% year to date. Given that the market had already been warned, investors shouldn't have been surprised when Rivian announced the actual numbers.

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