RIVN - Rivian Stock Is Rallying After The Close: What's Going On? | Benzinga
Rivian Automotive Inc (NASDAQ:RIVN) shares are surging in Tuesday’s after-hours session following reports that Volkswagen plans to invest $5 billion into the company as part of an electric vehicle joint venture.
What To Know: According to a Bloomberg report released after the market close on Tuesday, German automaker Volkswagen plans to make a $5 billion investment in Rivian to form a joint venture with the EV maker.
Volkswagen reportedly said it will invest $1 billion right away and pump an additional $4 billion into the company over time. The joint ...