Lucid and Rivian Shares Plunge Despite Biggest Product Days in Years

Lucid and Rivian Shares Plunge Despite Biggest Product Days in Years

Lucid Motors and Rivian both staged their most significant product events in years on Thursday — unveiling cheaper vehicles, new robotaxi deals, and paths to profitability — only to see their shares fall nearly 7% each as a broader market selloff driven by surging oil prices overwhelmed the news. As of press time, Lucid shares were falling 6.7% to $9.97 on volume while Rivian dropped 7.2% to $15.48. Both stocks declined in line with or worse tha…