Why Is Rivian (RIVN) Stock Down Today?

Electric vehicle (EV) manufacturer Rivian (NASDAQ:RIVN) is under significant pressure as the sector suffers from credibility challenges. With EV euphoria fading, RIVN stock has slumped in sympathy with other top-tier competitors, including Tesla (NASDAQ:TSLA) and Lucid (NASDAQ:LCID).Dominating business headlines Thursday are reports about a troubled EV maker hiring a consulting firm to assist in a possible bankruptcy filing. Inherently, such news will drag on related enterprises as investors look for any ne ...