Rivian Falls 6% as CFO Departs for GE Vernova; Lucid Slips, Tesla Holds Steady
Rivian shares fell about 6% after the company confirmed that its chief financial officer is departing to join GE Vernova. The decline came as the broader electric vehicle trade faced renewed pressure Friday morning, with an EV peer giving back an earlier rebound while the broad market moved higher.
Why it matters — A change in Rivian's top financial leadership is a significant development for investors monitoring the company's executive stability and financial direction.