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Why Lucid, Fisker, and Canoo Stocks Got Hit Today

TheMotleyFool

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Why Lucid, Fisker, and Canoo Stocks Got Hit Today: https://g.foolcdn.com/editorial/images/750002/3-cars-crashed-in-an-intersection.jpg

Bad news from luxury electric truckmaker Rivian Automotive (NASDAQ: RIVN) hurt shares of its electric vehicle (EV) peers on the stock market Thursday morning, sending Lucid (NASDAQ: LCID) stock down by as much as 9.5%, subtracting 7.4% from Fisker (NYSE: FSR), and torpedoing Canoo (NASDAQ: GOEV) to the tune of 7%.

The good news is that these losses moderated as the day progressed. By the time markets closed for the day, Lucid had clawed its way back to only a 7.3% loss, Fisker was off by 4.3%, and Canoo somehow ended up in the green -- up 3.2% for the session.

But what was it, exactly, that Rivian said that spooked electric vehicle investors in the first place?

Source Fool.com

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