Rivian Drops 6.6%, Wiping $1.4 Billion in Market Value
As seen on the 24/7 Wall St. homepage on October 2, 2026.
A 6.6% slide to $14.24 takes roughly $1.4 billion off a $20.6 billion market cap in a single session. Moves this size leave the EV maker's valuation resting on whether the $14 area holds into the close.
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Rivian sold off sharply from the open and spent most of the day consolidating in the mid-$14s, unable to recover meaningfully.
The move erases roughly $1.4 billion in market value, and for a company that has not yet reached profitability, that kind of single-session compression shifts the valuation conversation quickly.
The $14 area is now the level investors are focused on, tested at the session low and functioning as de facto support.
A 6.6% single-day loss in regular trading leaves the stock at a price where the next move carries real weight for anyone holding or considering a position.
Sources
Mentioned: RIVN