Rivian's Stock Soars with Record Daily Gain Amid Post-Election Rally - PRESS AI WORLD
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Rivian's Stock Soars with Record Daily Gain Amid Post-Election Rally

share-iconSaturday, January 04 comment-icon2 weeks ago 7 views
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forbesFORBES
Rivian's Stock Soars with Record Daily Gain Amid Post-Election Rally

Credited from: FORBES

  • Rivian stock soared 24.5% to $16.49, achieving its highest one-day gain since its IPO in November 2021.
  • The surge follows better-than-expected fourth-quarter delivery numbers, with 14,183 vehicles delivered.
  • Rivian's stock has risen 56% since Election Day, outperforming other S&P 500 stocks except Tesla.
  • Despite recent success, Rivian stock is still 90% down from its peak shortly after its initial public offering.
  • Institutional support remains strong, including a $5 billion investment from Volkswagen and a conditional loan from the Department of Energy.

Read more at the original article: Forbes

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