Rivian Automotive Inc (NASDAQ:RIVN) shares are trading lower by 5.51% at $30.18. Weakness is possibly in sympathy with Tesla Inc (NASDAQ:TSLA) after CEO Elon Musk reportedly said the company will need to cut around 10% of its staff and pause hiring.
Elon Musk reportedly sent an email titled “pause all hiring worldwide” to his executives and said the EV giant would need to cut about 10% of its employees. Within the email, Musk said he had a “super bad feeling” about the state of the economy... Read More
Rivian Automotive designs, develops and manufactures category-defining electric vehicles and accessories.
According to data from Benzinga Pro, Rivian has a 52-week high of $179.47 and a 52-week low of $19.25.
