Why Rivian Stock Keeps Going Down

One day after electric truck company Rivian Automotive (NASDAQ: RIVN) voluntarily blew up its stock price by announcing it would raise the price of its R1T pickup truck by 17%, and its R1S SUV by 20%, Rivian stock is tumbling once again on Thursday.

As of 10:25 a.m. ET, Rivian is down another 5% -- a total of an 18% drop since this debacle began.

Image source: Getty Images.

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Source Fool.com