JOINT VENTURE BETWEEN VW AND RIVIAN
- Rivian share growth:
- Rivian $RIVN shares rise more than 40% after announcement of joint venture with Volkswagen
- Indicates significant market confidence in future collaboration
- Volkswagen investment:
- Volkswagen to invest $1 billion in Rivian
- This investment will enable Rivian to expand its technology and raise capital
- Joint...
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40% were really solid. But now I would rather short it again. Rivian will surely benefit from this, but they still need to kick their production and business up a notch.