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Motley Fool
Why Rivian, QuantumScape, and Nikola All Dropped Today
Growth and technology stocks are taking it on the chin today, with the tech-heavy Nasdaq Composite Index dropping more than 2% midday Thursday. Rivian Automotive (NASDAQ: RIVN) and battery technology company QuantumScape (NYSE: QS) were down 5.2% and 6.2%, respectively, as of 2:10 p.m. ET. Today’s drop doesn’t come from any newly released news from these companies, but several macro factors are negatively impacting fast-growing technology stocks in general, helping to move these EV names as well.
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