Beer and spirits maker Constellation, known for brands including Corona and Modelo, lowered its earnings outlook for fiscal 2023. Read More...
Motley Fool
Why Rivian, Lucid, and Canoo Stocks Sank Today
Early-stage companies like Rivian Automotive (NASDAQ: RIVN), Lucid Group (NASDAQ: LCID), and Canoo (NASDAQ: GOEV) took some of the biggest hits, dropping by between about 5% and 8% at their lows of the morning. As of 1 p.m. ET, those three stocks were lower by 6.1%, 3.4%, and 6.9%, respectively. As fourth-quarter EV delivery data has begun trickling out this week, investors are growing more and more concerned about the pace of expected growth in the industry.
