Rivian Faces Record Stock Drop Due to Convertible Stock Plan
That’s what happened to Rivian, the electric vehicle heavyweight that recently faced a record 23% stock drop in a single day since its 2021 debut.
Haye Kesteloo is the Editor in Chief and Founder of EVXL.co, where he covers all electric vehicle-related news, covering brands such as Tesla, Ford, GM, BMW, Nissan and others. He fulfills a similar role at the drone news site DroneXL.co. Haye can be reached at haye @ evxl.co or @hayekesteloo.
That’s what happened to Rivian, the electric vehicle heavyweight that recently faced a record 23% stock drop in a single day since its 2021 debut.
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