Why Rivian Stock Bounced Higher Today

Shares of Rivian Automotive (RIVN 7.20%), the company that aims to become the Tesla of electric trucks, were trading 7.7% higher as of 12:15 p.m. ET Monday, responding both to positive news from a peer EV company, and (sort of) positive news from Wall Street.On Monday morning, China's Li Auto (LI 15.36%) released a powerful Q4 earnings report that featured better-than-expected deliveries, sales, earnings, and free cash flow, as it nearly tripled its output of electric cars in China. Rivian and other EV stoc ...