Rivian shares fall as peer Lucid said to weigh bankruptcy options

Investing.com -- Rivian Automotive shares were losing roughly 3% in midday trading on Tuesday following a report about a competitor's financial difficulties.

Electric-vehicles.com reported that Lucid, a fellow U.S. electric vehicle manufacturer, is considering strategic options that include going private or filing for Chapter 11 bankruptcy protection.

Lucid shares dropped about 50% and trading was halted three times within an hour after the report was published.

You May Also Be Interested In

• Alphabet Sees FY26 Capex $195B To $205B, Saw $180B To $190B
• Oceaneering (OII) Tops Q2 EPS by 19c
• MindWalk (HYFT) Misses Q4 EPS by 8c