Reported 20 days ago
Rivian Automotive's stock surged nearly 10% today as news emerged of a significant sales drop for Ford's F-150 Lightning electric truck, decreasing competition in the electric vehicle market. The company’s recent announcements regarding a $5.8 billion investment from Volkswagen Group and upcoming production of its next-generation R2 platform further bolstered investor confidence, leading Rivian to anticipate delivering over 50,000 EVs this year and setting the stage for a promising 2025.
Source: YAHOO