Why is Rivian stock surging?

Electric vehicle makers are in a rough spot. Apart from trailblazer Tesla (NASDAQ: TSLA), other EV stocks have seen significant losses throughout 2024 — driven primarily by a challenging macro environment and the fact that traditional carmakers have largely entered the market, leveraging their scale to dash the hopes of ambitious newcomers.Rivian Automotive (NASDAQ: RIVN) is one such company — since the company’s listing in November of 2021, RIVN stock price has been on a consistent downward trajectory. In ...