Why Rivian, Lucid, and Blink Charging Are Sinking This Week
Technology stocks have declined even more, with the Nasdaq Composite down 3.4% so far this week. As of Thursday afternoon trading Rivian and Blink Charging had dropped about 10% this week, while Lucid sank about 15%, according to data provided by S&P Global Market Intelligence. The reality is investors know these names aren't very close to profitability, and trade on their potential.