Why Rivian Automotive Stock Hit a Pothole Today

Shares of rising electric truck manufacturer Rivian Automotive (RIVN -3.27%), which mostly kept pace with the market in 2023, are stumbling out of the gate in 2024. The stock skidded 10% on Jan. 2, the first trading day of the New Year, after Rivian reported a sequential slowdown in Q4 deliveries.It's falling further on Wednesday -- down another 4.3% as of 12:45 p.m. ET -- in response to a halfhearted price-hike note from Goldman Sachs.Hits and missesRivian's update on 2023 production and deliveries, releas ...