Faraday Future (FFIE) Stock Soars 80% Following Rivian-Volkswagen Deal

The electric vehicle (EV) industry is abuzz today following a major partnership between Rivian (NASDAQ:RIVN) and Volkswagen (OTCMKTS:VWAGY). Volkswagen will invest up to $5 billion into Rivian over the next few years, starting with a $1 billion investment in exchange for a convertible promissory note.While the deal doesn’t carry any impact toward Faraday Future (NASDAQ:FFIE), the company — and other EV companies like Lucid (NASDAQ:LCID) — are rallying higher on the news.A short squeeze could possibly be beh ...