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Why Rivian Stock Climbed Higher Today

TheMotleyFool

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Why Rivian Stock Climbed Higher TodayPhoto, wide shot, wide-angle lens, Automotive service center, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/c8dbaa5e-abdb-40ac-b919-ed80785b056a.png

Investors were regaining some of their bullish sentiment for Rivian Automotive (NASDAQ: RIVN), an electric automaker, today after the company's share price plummeted yesterday.

The electric vehicle (EV) stock was up by as much as 7% today and had gained 2.3% as of 2:28 p.m. ET.

Rivan's stock tumbled 9% yesterday after rival Ford Motor Company said it had started production of its all-electric F-150 Lightning. Ford already has 200,000 reservations for the truck, which will compete directly with Rivian's R1T pickup.

Source Fool.com

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