Rivian (RIVN) Stock Drops on Strategy Shift and CEO Stock Sale

TLDR Rivian stock dropped after announcing a Tesla-style direct sales strategy with one unexplained deviation CEO RJ Scaringe sold $305,000 worth of company shares around the same time as the strategic announcement The company already sells vehicles directly to consumers without traditional dealerships Rivian has a major contract to build 100,000 electric delivery vans for [...]

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