Shares of Rivian (NASDAQ: RIVN) were heading lower today, seemingly in response to a report in The Wall Street Journal offering more evidence that demand for electric vehicles (EVs) is cooling.

As of 12:38 p.m. ET, the EV stock was down 6.7%. Fellow EV start-up Lucid Motors (NASDAQ: LCID) was also down 8.5% at the same time, while Tesla (NASDAQ: TSLA) stock was off 3.9%.

Image source: Rivian.

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Source Fool.com