RIVN Jul 2024 4.000 put
- Yahoo Finance
Rivian stock soars as Volkswagen says it will invest up to $5 billion in new joint venture
Rivian shares are surged after the EV maker announced a joint venture deal with Volkswagen, crucially bringing fresh capital into Rivian’s coffers.
- Yahoo Finance Video
A lifeline for Rivian? Volkswagen-Rivian launch joint venture
Shares of Rivian (RIVN) surged on Wednesday following Volkswagen's (VOW3.DE) announcement of a $5 billion investment in the electric vehicle manufacturer. The automakers' joint venture will primarily focus on creating new technologies for electric vehicles. Yahoo Finance's Pras Subramanian breaks down the details of this deal, explaining where the money will go and how it might help the broader EV market. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith.
- Yahoo Finance Video
Nvidia comeback, FedEx, Rivian and Volkswagen: 3 Things
Nvidia (NVDA) rallied in Tuesday's session, snapping a three-day losing streak that dragged tech-heavy market indexes (^DJI, ^IXIC, ^GSPC) down along with it. FedEx (FDX) shares are jumping in pre-market trading after beating fiscal fourth-quarter earnings estimates and opening up more about the success of the delivery company's cost-cutting efforts. Rivian (RIVN) stock surges after Volkswagen (VOW3.DE, VWAGY) announced a $5 billion investment into a joint EV venture. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
