$Rivian Automotive, Inc.(RIVN)

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$Rivian Automotive, Inc.(RIVN)$ has garnered investors’ interests after the EV maker disclosed that Volkswagen would invest up to $5 billion in a new joint venture. News of fresh capital allays concerns over Rivian’s cash flow to support the launches of its next-generation vehicles, the R2 and R3 mass-market SUVs. This sent its stock price soaring over the past few weeks. There appears to be more momentum to push the stock price higher and I would not like to bet against it.

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zubee
·07-16
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