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Why Rivian Stock Is Slumping Today

TheMotleyFool

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Why Rivian Stock Is Slumping Today: https://g.foolcdn.com/editorial/images/785574/rivian-r2-front-from-reveal.jpeg

Shares of Rivian Automotive (NASDAQ: RIVN) fell sharply on Thursday afternoon, after new economic data stoked concerns about a potential recession.

At 2 p.m. ET, Rivian's shares were down about 6.8% from Wednesday's closing price.

Rivian's R2, due in 2026, could carry the company to profitability. But a recession could play havoc with that plan. Image source: Rivian Automotive.

Source Fool.com

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