Rivian Shares Skyrocket 50% Following Volkswagen’s $5 Billion Investment
Rivian, the electric vehicle (EV) startup, saw its shares leap by 50% in extended trading on Tuesday. This surge followed the announcement by the German automotive giant, Volkswagen, of a $5 billion investment in Rivian. This strategic investment is part of a newly established, equally controlled joint venture aimed at sharing EV architecture and software…