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Why Rivian, Lucid, and Blink Charging Are Sinking This Week

Why Rivian, Lucid, and Blink Charging Are Sinking This Week

Technology stocks have declined even more, with the Nasdaq Composite down 3.4% so far this week. As of Thursday afternoon trading Rivian and Blink Charging had dropped about 10% this week, while Lucid sank about 15%, according to data provided by S&P Global Market Intelligence. The reality is investors know these names aren't very close to profitability, and trade on their potential.