Rivian (RIVN) Stock Falls as Hybrid EV Sales Ramp Up
Rivian (NASDAQ:RIVN) stock is down more than 6% today, reaching a new 52-week low of $9.38 during intraday trading. RIVN stock received a boost in early March following its debut of the R2, R3 and R3X, although all of those gains have since reversed.Like many other electric vehicle (EV) makers, the company is feeling pressure from high interest rates, price wars and a preference for hybrids over EVs. On Tuesday, Ford (NYSE:F) continued the price war after cutting the prices of its 2024 F-150 Lightning elect ...