Rivian Stock Hits All-Time Low. Could the Growth Stock Continue Selling Off?

Rivian is trying to reach profitability during a challenging time in the EV industry.Rivian Automotive (RIVN -2.27%) hit an all-time intraday low of just $8.26 per share on April 16, following an 8% slide on April 15. Many electric vehicle (EV) stocks sold off heavily in response to news that Tesla (TSLA -1.92%) was cutting 10% of its workforce. Rivian followed suit later last week with its second job cut of the year, though it was a much smaller 1% reduction.With sentiment toward EV stocks declining seemin ...