Rivian shares fall as peer Lucid said to weigh bankruptcy options

Investing.com -- Rivian Automotive shares were losing roughly 3% in midday trading on Tuesday following a report about a competitor's financial difficulties.

Electric-vehicles.com reported that Lucid, a fellow U.S. electric vehicle manufacturer, is considering strategic options that include going private or filing for Chapter 11 bankruptcy protection.

Lucid shares dropped about 50% and trading was halted three times within an hour after the report was published.

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