Why Arrival Plummeted Another 48% in January
The good times have definitely not arrived yet for electric vehicle start-up Arrival (NASDAQ: ARVL) -- its stock plunged 47.3% in January, according to data by S&P Global Market Intelligence. That continued a downturn that largely began in November, though the EV stock is down 87% from the high it hit in June.
Revolutionizing an industry is no easy task, but Arrival has set high goals for itself by promising to build electric vehicles through a decentralized manufacturing setup that takes advantage of unused warehouse and factory space that already exists.
Image source: Arrival.
Source Fool.com
