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Why Did Rivian Stock Rocket 25% Higher Today?

TheMotleyFool

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Why Did Rivian Stock Rocket 25% Higher Today?: https://g.foolcdn.com/editorial/images/841548/rivian-lineup-of-r1-r2-and-r3-vehicles.png

Rivian Automotive (NASDAQ: RIVN) stock soared after the electric vehicle (EV) announced a flurry of good news in its third-quarter report yesterday. Investors reacted by pushing shares sharply higher.

Rivian stock was trading around the highs of the session, up by 25.4%, as of 2:56 p.m. ET. Here's why.

Image source: Rivian Automotive.

Source Fool.com

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