Why Rivian Stock Stalled Today

Why Rivian Stock Stalled Today

Rivian Automotive (NASDAQ: RIVN) shares stumbled in early trading Friday, falling more than 7% before recovering and retracing to just a 3.2% loss as of 10:30 a.m. ET. For at least a few reasons, Tesla (NASDAQ: TSLA) may be to blame. As you've probably heard by now, on Wednesday evening, electric vehicle (EV) kingpin Tesla reported terrific results for its fiscal fourth quarter of 2021.