First American News, LLC- Raleigh, NC: Rivian Automotive stock fell after the electric-truck start-up reported its first quarterly earnings report as a public company. Earnings were inconsequential. Something else is bothering investors: They want more production from the fledgling company.
Rivian (ticker: RIVN) stock was down about 9.4% in premarket trading Friday to $99.05. Shares ended the regular session Thursday down 5.3% to $108.87. Other electric-vehicle stocks struggled on Thursday as well. Shares of EV pioneer Tesla (TSLA) fell 5% while the S&P 500 dropped. Read More on this news and it’s at Barrons News. Click here to learn more about this stock.