At a time when many start-up electric vehicle (EV) automakers have felt pressure from 's (NASDAQ: TSLA) price cuts, Rivian Automotive's (NASDAQ: RIVN) rally has trucked on. In fact, Rivian stock has spiked 108% over the past three months, an incredibly welcome relief from the persistent decline after its initial public offering in late 2021.

While Rivian's rally has remained strong recently, there's a new development that could throw it off track. Here's what's happening with Ford's (NYSE: F) F-150 Lightning EV truck, and why it matters.

Rivian's rally has remained strong while some competitors have struggled to compete for sales during Tesla's price cuts. That's in part because Rivian's R1T truck and R1S SUV aren't competing head to head with Tesla segments -- at least, not yet.

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Source Fool.com