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Why Rivian Stock Plunged Friday

TheMotleyFool

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Why Rivian Stock Plunged Friday: https://g.foolcdn.com/editorial/images/792971/rivian-trucks.png

Rivian Automotive (NASDAQ: RIVN) stock is ending the week with a thud. Shares tanked Friday morning after the company provided its third-quarter vehicle delivery update and revised its 2024 production guidance.

Rivian shares plunged as much as 8% when the company notified investors of a part supply shortage issue. The stock remained lower by 7.3% as of 10:30 a.m. ET.

Source Fool.com

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