Advertisement
Australia markets close in 3 hours 37 minutes
  • ALL ORDS

    7,899.40
    +38.40 (+0.49%)
     
  • ASX 200

    7,643.20
    +37.60 (+0.49%)
     
  • AUD/USD

    0.6449
    +0.0013 (+0.20%)
     
  • OIL

    82.78
    +0.09 (+0.11%)
     
  • GOLD

    2,384.60
    -3.80 (-0.16%)
     
  • Bitcoin AUD

    95,460.03
    -3,580.26 (-3.61%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • AUD/EUR

    0.6039
    +0.0013 (+0.22%)
     
  • AUD/NZD

    1.0887
    +0.0014 (+0.13%)
     
  • NZX 50

    11,792.17
    -83.18 (-0.70%)
     
  • NASDAQ

    17,493.62
    -220.04 (-1.24%)
     
  • FTSE

    7,847.99
    +27.63 (+0.35%)
     
  • Dow Jones

    37,753.31
    -45.66 (-0.12%)
     
  • DAX

    17,770.02
    +3.79 (+0.02%)
     
  • Hang Seng

    16,377.18
    +125.34 (+0.77%)
     
  • NIKKEI 225

    37,996.76
    +34.96 (+0.09%)
     

Why Rivian Stock Dropped Again Today

Why Rivian Stock Dropped Again Today

For the fourth trading day in a row, Rivian (NASDAQ: RIVN) stock is falling. Down 3.5% as of 1:35 p.m. ET, Rivian stock actually costs less today than it did at its initial public offering (IPO) two months ago. First and foremost, Rivian is an unprofitable electric truck start-up.