Why Rivian Stock Sold Off Today

Automotive stocks had a mixed Thursday after President Trump announced plans for additional new tariffs on imported vehicles and auto parts. Among the winners in that session was Rivian Automotive (RIVN -4.95%). The electric vehicle (EV) maker's stock jumped 7.6% based on its made-in-the-USA production strategy.The theory was that those import tariffs won't affect it like competitors such as General Motors and Ford, which both make electric trucks and SUVs. So investors may be wondering why Rivian shares ar ...