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Why Rivian Stock Dropped 5% Today

With the week drawing to a close, Rivian Automotive (NASDAQ: RIVN) is having another “down” day: Its share price had sunk by 5% as of noon ET Friday. On Thursday, as you’ve probably heard, Rivian stock slumped following the Wednesday publication of a New York Times article that highlighted production delays, and the EV-maker’s failure to meet its own target of producing 1,200 electric trucks in 2021. Presumably, lingering negative sentiment from that article was contributing to Rivian’s stock decline Friday — but The New York Times wasn’t the only newspaper calling out issues at Rivian this week.

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