Rivian Stock: Analyzing Recent Fluctuations

Rivian's stock is down 8.3% following reports of rival Fisker's potential bankruptcy filing, as both companies are part of a cohort of EV start-ups that went public with high expectations. While Rivian is in a better financial position with strong vehicle deliveries and cash reserves, the broader EV market sentiment is impacting its stock. Despite Rivian's relative strength, the news about Fisker is contributing to the decline in its stock price.