GeneralBearishBlockonomi · 3h ago6/10
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Rivian (RIVN) Stock Plunges 7% Despite R2 SUV Launch — Here’s Why
Rivian's stock dropped 6.6% on the day of its R2 SUV launch despite positive reviews, as investors reacted negatively to delayed entry-level pricing and extended profitability timelines. The company pushed the affordable trim to 2027 and doesn't expect profitability until 2030, signaling prolonged cash burn ahead.