Rivian Automotive shares are falling Tuesday as risk-off pressure hits high-beta consumer discretionary names, with the S&P 500 down 0.7%.

Rivian Automotive shares are falling Tuesday as risk-off pressure hits high-beta consumer discretionary names, with the S&P 500 down 0.7%.

Rivian Automotive shares are trading higher on Wednesday as risk appetite improves for high-beta names and the company's R2 rollout narrative stays in focus after R2 customization…