Rivian Automotive, Inc. (RIVN)
Pre-market:
- Motley Fool
Why Electric Vehicle Stocks Are on Fire Today
Shares of electric vehicle manufacturers and suppliers surged higher on Thursday as traders rotated back into high-growth and high-risk stocks. Investors have had an evening to digest the Federal Reserve's announcement of a 25 basis point increase in the federal funds rate -- a smaller bump than its previous recent increases. The EV industry's big mover of the morning was QuantumScape (NYSE: QS), which popped by as much as 18%, but Rivian Automotive (NASDAQ: RIVN) also jumped 12.1%, Lucid (NASDAQ: LCID) rose 10%, and Canoo (NASDAQ: GOEV) rose 7.4% at its peak.
- Zacks
Rivian Automotive (RIVN) Outpaces Stock Market Gains: What You Should Know
Rivian Automotive (RIVN) closed the most recent trading day at $19.71, moving +1.6% from the previous trading session.
- Yahoo Finance Video
Rivian announces plans to layoff 840 workers amid EV price wars
Yahoo Finance automotive reporter Pras Subramanian explains Rivian's recent round of layoffs amid pressures to ramp up its EV production targets.
