Electric vehicle manufacturer Rivian Automotive will lose its spot on the Nasdaq 100 index next week. The Normal-based company’s stock has plummeted about 92% since it became publicly traded in November 2021. At the time of Rivian’s introduction into the stock market, the share price soared to almost $180. At the close of Thursday’s trading session, the stock was priced at around $15 a share. This spring, company officials said they are on track to produce 50,000 vehicles this year, about twice as many as 2022.
***Courtesy of the Illinois Radio Network***
