Why Rivian Stock Is Rocking Today
Shares of Tesla (NASDAQ: TSLA) rival Rivian Automotive (NASDAQ: RIVN) are tearing up the track Monday, rising a lucky 7.77% as of 11:25 a.m. ET as investors parse an upgrade for Tesla ... and wonder what it might mean for Rivian, too.
This morning, as you may have heard, Swiss megabank Credit Suisse upgraded shares of Tesla stock to outperform.
Credit Suisse had many reasons for why it loves Tesla -- fast growth, high profit margins, and the potential to earn as much as 25% more this year than anyone else on Wall Street thinks possible. And all that's great news for Tesla -- but what does it have to do with Rivian?
Source Fool.com
