Rivian Automotive is trading 4.7% down at $15.93 as investors recalibrate expectations and lock in gains following a significant post-earnings rally.
- The company exceeded Q2 estimates, achieved a positive gross profit, and raised its full-year delivery and EBITDA guidance.
- Market analysts attribute the current pullback to typical volatility and profit-taking often seen in loss-making EV stocks following sharp, earnings-driven price jumps.