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Why Rivian Stock Is Surging Today

TheMotleyFool

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Shares of Rivian Automotive (NASDAQ: RIVN) were trading higher on Monday after California's governor said that his state could provide rebates to electric vehicle (EV) buyers if President-elect Donald Trump ends federal EV tax credits.

As of noon ET, Rivian's shares were up about 14.9% from Friday's closing price.

Image source: Rivian Automotive.

Source Fool.com

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