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Why Rivian Automotive Stock Is Down Again Today

·2 min read
Why Rivian Automotive Stock Is Down Again Today
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Shares of electric-vehicle maker Rivian Automotive (NASDAQ: RIVN) opened lower again on Tuesday as traders and investors continued to sell off auto stocks while awaiting the results of a Federal Reserve Bank policy meeting. As of 10:15 a.m. ET, Rivian's stock was down about 6.9% from Monday's closing price. It's no secret that U.S. inflation is at levels not seen in decades, and it's not much of a secret that the Fed is likely to respond by raising interest rates -- and probably soon.