Rivian Stock Plummets After Its First Earnings Report. What’s Bugging Investors.

Rivian Automotive banal fell aft the electric-truck start-up reported its archetypal quarterly net study arsenic a nationalist company. Earnings were inconsequential. Something other is bothering investors: They privation much accumulation from the fledgling company.

Rivian (ticker: RIVN) banal was down astir 8.8% successful after-hours trading to $99.30. Shares ended the regular league down 5.3% to $108.87. Other Electric-vehicle stocks struggled connected Thursday arsenic well. Shares of EV pioneer Tesla (TSLA) fell 5% portion the S&P 500 dropped 0.9% and...