Is Rivian Stock A Buy Or A Sell Amid 28% Rally Since $6.6 Billion Government Loan?

Autor:	NORTON, KIT (AUTHOR)
Předmět:	TESLA Inc., STOCK prices, STOCK options, INFLATION Reduction Act of 2022, INVESTORS, CORPORATE profits, GROWTH stocks, TAX incentives, ONLINE marketplaces
Zdroj:	Investors Business Daily. 12/19/2024, pN.PAG-N.PAG. 1p.
Abstrakt:	Rivian (RIVN) shares have experienced a 44% decline in 2024 as the EV startup competes with Tesla, Ford, and General Motors in the electric vehicle market. Despite this, the stock has rallied 28% since receiving a $6.6 billion loan from the U.S. Department of Energy. Rivian has also finalized a joint venture with Volkswagen, aiming to leverage software technology and secure funding for its EV roadmap. The company's recent financial performance, production challenges, and strategic partnerships are key factors influencing investor sentiment towards Rivian stock. [Extracted from the article]
Databáze:	Regional Business News
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