Rivian Tumbles 5% After U.S. Sales Plunge 26%, With R2 Launch and April 30 Earnings in Focus

Rivian shares fell about 5% intraday, dropping from $15.29 to roughly $14.50. The move reflects investor risk-off selling after reports of a steep drop in U.S.-related activity affecting the company, pressuring the stock.

Analysis

Rivian shares fell about 5% intraday, dropping from $15.29 to roughly $14.50. The move reflects investor risk-off selling after reports of a steep drop in U.S.-related activity affecting the company, pressuring the stock.