Why Rivian Stock Crashed Early Today and Could Fall Further
Ford is suffering because of Rivian, and it may make a move that could crush Rivian shares.
Rivian Automotive, Inc.
Symbol | Last Price | Market Cap | % Δ 1 Yr | % Δ 5 Yr |
---|---|---|---|---|
RIVN
Rivian Automotive, Inc.
|
$32.18 | $28B | ||
TSLA |
$877.51 | $913B | 25.1% | 1,303.4% |
BWA |
$37.59 | $9B | -25.6% | -5.8% |
F |
$14.62 | $61B | 20.9% | 56.9% |
BAMXF |
$82.59 | $53B | -22.9% | -15.6% |
Ford is suffering because of Rivian, and it may make a move that could crush Rivian shares.
Some investors were snatching up Rivian's stock after yesterday's fall.
Forget the bulls, who were roaring yesterday. Today, the bears are powering the stock's movement.
The auto industry's supply chain woes won't keep these three stocks in the breakdown lane for long.
The dire warning Rivian's CEO gave could have long-term implications on the company's prospects.
Tesla may have just confirmed that the biggest impediment to Rivian's growth isn't going away anytime soon.
An analyst sees less upside for this EV stock than earlier anticipated.
CEO RJ Scaringe is warning of more supply chain headaches to come.
Beyond semiconductors, the Rivian CEO sees a more impactful supply shortage.
Even with some recent recovery, the electric-vehicle stock still trades down roughly 60.5% year to date.
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.