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Why Rivian Stock Is Soaring Today

TheMotleyFool

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Why Rivian Stock Is Soaring TodayPhoto, wide shot, wide-angle lens, soft focus, Car rental company, sunset photo at golden hour, photo by Art Wolfe: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-Ew7cRec38UnlyYzs41FVEri5.png?st=2023-12-29T14%3A03%3A41Z&se=2023-12-29T16%3A03%3A41Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-12-29T15%3A03%3A25Z&ske=2023-12-30T15%3A03%3A25Z&sks=b&skv=2021-08-06&sig=vZPI3wL5I%2BC5Zknik6hYtwmYdTdsE1ct/DM1evRA8EI%3D

Shares of the electric vehicle (EV) maker Rivian Automotive (NASDAQ: RIVN) were rising for the second straight day as the broader market rose this morning and as Chinese EV stocks posted significant gains.

Rivian investors are likely happy to see other companies in the industry experiencing share price rebounds. The electric automaker's share price was up 12.5% as of 11:32 a.m. ET.

Rivian investors had already sent the company's stock higher yesterday as they processed the news that Rivian was hiring longtime automotive veteran Frank Klein as its chief operations officer.

Source Fool.com

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