Rivian’s stock surges 50% on $1 billion Volkswagen investment and joint-venture plan

by | Jun 25, 2024 | Stock Market

Shares of Rivian Automotive Inc. skyrocketed after hours Tuesday after Volkswagen AG said it will invest $1 billion in the electric-vehicle maker, with plans to pour billions more if an EV-focused joint venture between the two companies gets off the ground.

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