Reported 7 months ago
Investors drove Rivian Automotive stock up by 5% with two favorable news items hinting at future advantages for the electric vehicle manufacturer amidst struggles with sales growth and losses. The Consumer Price Index indicating no inflation in May, potential interest rate cuts, and new EU tariffs on Chinese EVs could influence Rivian's future capital needs and market share. Despite not impacting Rivian immediately, these developments offer insights for future investment considerations.
Source: YAHOO