Why Rivian and Other EV Stocks Dropped Last Month
Several electric vehicle (EV) start-up stocks dropped enough in March to approach or hit all-time lows. For the full month, Rivian, Lucid, and Canoo stocks were down 19.8%, 11.9%, and 12.8%, respectively, according to data provided by S&P Global Market Intelligence. Taking out the moves on that first day shows that most of Rivian's monthly loss actually occurred on March 1.