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Why Rivian Stock Jumped Today

TheMotleyFool

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Rivian Automotive (NASDAQ: RIVN) is expanding its market, and investors are cheering the news today. Shares of the electric truck and van maker jumped nearly 5% Monday morning and were still up by 3.4% as of 1:15 p.m. ET.

Investors already knew the company was adding to its electric vehicle (EV) lineup with its next-generation R2 SUV platform starting next year. But today it officially announced it is expanding the market for its commercial delivery vans as well.

Source Fool.com

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