Rivian Stock Skyrockets Premarket, Set To Open At 4-Month High: What's Going On?

Loading...Loading...Electric vehicle maker Rivian Automotive, Inc. RIVN is poised to extend its gains on Wednesday, with the upward momentum likely accelerating. Rivian announced Tuesday plans to form an equally controlled and owned joint venture with Volkswagen AG’s VWAGY U.S. subsidiary to create next-generation electrical architecture and best-in-class software technology.As part of the plan, the German company will invest $1 billion in Rivian, with up to $4 billion in planned additional investment for a ...