T - Rivian Stock Is Racing Higher Thursday: What's Going On? | Benzinga
Rivian Automotive Inc (NASDAQ: RIVN) shares are trading higher. The company on Thursday announced a deal with AT&T Inc (NYSE: T) in which AT&T will purchase Rivian EVs for its fleet.
What Happened: Rivian said AT&T is set to buy EVs from the company as part of a pilot program focused on cutting transport emissions. AT&T expects to start adding the Rivian Commercial Van and R1 vehicles to its fleet in early 2024. AT&T will then evaluate whether the vehicles are able to improve safety, reduce costs and cut its carbon footprint.
The deal ...