Rivian shares are trading lower after a report indicating the company will face a trial in a Tesla trade secrets theft case.
Portfolio Pulse from Benzinga Newsdesk
Rivian shares are trading lower following news that the company will face a trial over allegations of Tesla trade secrets theft.
July 24, 2024 | 10:19 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Rivian shares are trading lower after news broke that the company will face a trial over allegations of Tesla trade secrets theft.
The news of Rivian facing a trial over Tesla trade secrets theft is likely to negatively impact investor sentiment, leading to a short-term decline in Rivian's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100