Rivian Automotive Inc. inventory dropped greater than 17% on Wednesday, a day after the electric-vehicle maker pinned combined quarterly outcomes and a weaker manufacturing steering on manufacturing snags that many on Wall Road thought had been within the rearview mirror.
Rivian inventory RIVN was on monitor for its lowest shut since Jan. 20 and its worst one-day drop since Could 9, when it fell 21%. The inventory is down 90% from its report closing excessive of $172.01 hit in November 2021 shortly after its large IPO.
The…
