Why Rivian, Lucid, and ChargePoint Lost Early Gains Today
The stocks of electric vehicle (EV) sector companies jumped Thursday morning with news that indicated the market looks to continue to grow at a fast pace. As of 11:11 a.m. ET, Rivian stock was down by 2.9%, Lucid was lower by 2.1%, and ChargePoint was off by 3.7%. The original excitement came after sector leader Tesla provided an encouraging fourth-quarter earnings report.