The darling of the electric vehicle world at the end of 2021, Rivian is facing a hard reality in the new year after its shares have tumbled more than 20%, falling below its initial public offering price, since Wednesday.
Rivian (NASDAQ: RIVN) shares fell 11% on Wednesday following news of an Amazon agreement to purchase battery-electric Ram ProMaster vans from Stellantis. The stock had fallen as much as 16% in midmorning trading Thursday below its IPO price of $78 before clawing back some of the...
https://www.freightwaves.com/news/investors-hammer-rivian-stock-after-amazon-stellantis-deal