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Why Rivian Stock Jumped Today
Rivian Automotive (NASDAQ: RIVN) is expanding its market, and investors are cheering the news today. Shares of the electric truck and van maker jumped nearly 5% Monday morning and were still up by 3.4% as of 1:15 p.m. ET.Investors already knew the company was adding to its electric vehicle (EV) lineup with its next-generation R2 SUV platform starting next year. But today it officially announced it is expanding the market for its commercial delivery vans as well.Continue reading
Rivian Automotive (NASDAQ: RIVN) is expanding its market, and investors are cheering the news today. Shares of the electric truck and van maker jumped nearly 5% Monday morning and were still up by 3.4% as of 1:15 p.m. ET.
Investors already knew the company was adding to its electric vehicle (EV) lineup with its next-generation R2 SUV platform starting next year. But today it officially announced it is expanding the market for its commercial delivery vans as well.
