Why Rivian Stock Sank and Then Jumped Today
Popular electric vehicle (EV) start-up Rivian Automotive (NASDAQ: RIVN) has gotten some extra publicity over the last couple of days. There's a saying that any publicity is good publicity, but that didn't seem to be the case when today's market session began. In early trading, Rivian stock plunged 6% before reversing that drop to a gain of about 4% as of 10:54 a.m. ET on Thursday.
Yesterday, The New York Times published an article on Rivian that focused on what it called struggles that the company is having in several areas, including production delays. The article highlighted one frustrated customer who has had a promised delivery date pushed back a full year for the company's SUV model.
Source Fool.com
