Why Rivian's Stock Is Powering Higher Today
Markets are poised to end the week on a positive note as confidence builds that a debt ceiling deal is within reach. For the first time, Rivian has achieved production of the first dual-motor R1T electric pickup trucks. Speaking on the company's success, Tim Fallon, vice president of manufacturing operations, said, "Introducing our dual-motor variants is a major milestone in ramping our facility to its full capacity, and they [employees] have done a great job working across so many functions to make this happen."