Rivian Unveils New EV Models Causing Stocks to Rise
Rivian Automotive’s stock soared by 13% on Thursday after the electric vehicle (EV) manufacturer introduced three new models and revealed it had achieved over $2 billion in cost savings by halting the development of a new facility in Georgia. The announcement featured two unexpected EVs alongside the previously anticipated R2 SUV. Rivian’s CEO, RJ Scaringe, …
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