Rivian Automotive (NASDAQ: RIVN) stock is plummeting today, but it's not about anything the company told investors -- yet. Rivian shares were down 9.1% as of 11:48 a.m. ET Tuesday.
The drop came after fellow EV start-up Lucid Group provided its quarterly update, and investors seem to fear that some of what it said will apply to Rivian as well. Rivian will provide investors with its fourth-quarter and full-year 2021 update next Thursday, March 10.
Rivian R1S SUV on the production line at the company's Illinois manufacturing plant. Image source: Rivian Automotive.
Source Fool.com