Rivian stock jumps on $5B Volkswagen investment

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Rivian Automotive,Market Domination

Shares of Rivian Automotive (RIVN) jumped following the market close on Tuesday after Volkswagen (VWAGY, VOW.DE) announced it would invest up to $5 billion...

This happening just as you are, basically, just as you are walking to set, um, this may this announcement made in a tweet or an or a post on X, right?

And it could be as much as $5 billion given, uh, the the progress of their of their JJ V. So, for Rian, you see the stock up.But, um, basically, this is kind of kind of allay some concerns about do?That was my question is whether you thought prize is sort of like changed. They make this sort of premium electric, uh, pickup truck, which I personally think looks really cool when you see it out and about.So they the the sort of lo I mean, listen, almost everything that went public in 2021 has come down a lot.Yeah.Um, you know, we're talking about They have cash on hand and IP technology where it was sort of like even money.I mean, the the enthusiasm was was insane at that point, and it kind of came back to Earth.

 

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