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Why Rivan Stock Jumped This Week
Shares of the electric vehicle (EV) maker Rivian Automotive (NASDAQ: RIVN) rose sharply this week after a report surfaced that the company has been stockpiling battery materials to fend off some of the negative effects from President Donald Trump's tariffs.Investors may have also been optimistic after the Trump administration said that it would soften some of its auto tariffs, though many are still in place.As a result, Rivian's stock jumped 9.8% this week, according to data compiled by S&P Global Market Intelligence.Continue reading
Shares of the electric vehicle (EV) maker Rivian Automotive (NASDAQ: RIVN) rose sharply this week after a report surfaced that the company has been stockpiling battery materials to fend off some of the negative effects from President Donald Trump's tariffs.
Investors may have also been optimistic after the Trump administration said that it would soften some of its auto tariffs, though many are still in place.
As a result, Rivian's stock jumped 9.8% this week, according to data compiled by S&P Global Market Intelligence.
