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Why Rivian Stock Was Moving Higher Today


Shares of Rivian (NASDAQ: RIVN) were moving higher Thursday after the electric vehicle (EV) maker got an analyst upgrade from Jefferies Wednesday night and unveiled its new R2 electric SUV at a launch event Thursday afternoon and then, in a surprise, revealed two additional compact SUV models -- the slightly smaller R3 and a "performance" variant dubbed the R3X.

As of 1:29 p.m. ET, Rivian stock was up 8.1% on the news.

Image source: Rivian.

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Source Fool.com

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