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Great News for Rivian Investors


Despite the narrative that start-up electric vehicle (EV) makers are struggling, and that the EV growth rate in the U.S. has slowed, Rivian Automotive (NASDAQ: RIVN) continues to tally up positive developments. Edmunds.com named the R1T launch edition its favorite EV among start-ups. What's more, Rivian inked a joint venture deal with global automaker Volkswagen for up to $5 billion, and it topped second-quarter delivery estimates.

But as investors turn to the next step in the company's vision, the launch of the R2, some great news has just been announced.

Rivian's first-generation R1T electric truck and its R1S electric SUV helped to promptly put the EV maker on the map. The vehicles were not only well received by critics and customers, but both quickly went into production by the thousands and were delivered with few hiccups.

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Source Fool.com

Volkswagen AG VZO Stock

€90.72
-2.260%
A loss of -2.260% shows a downward development for Volkswagen AG VZO.
Our community is currently high on Volkswagen AG VZO with 6 Buy predictions and 4 Sell predictions.
On the other hand, the target price of 85 € is below the current price of 90.72 € for Volkswagen AG VZO, so the potential is actually -6.31%.
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