What’s Wrong with Rivian Stock, and Will RIVN Recover and Go Back Up?

Last week was a bad one for the startup electric vehicle (EV) ecosystem, as both Rivian Automotive (RIVN) and Lucid Group (LCID) plunged following their respective Q4 earnings reports. RIVN stock fell to all-time lows, even as Lucid shares managed to hold above the record lows that they hit in January.

At its peak in late 2021, which came shortly after its mega IPO, Rivian commanded a market cap above $150 billion - which, for context, was even higher than Ford Motor Company (F) and General Motors (GM).