Rivian: Rivian Says It's on Track for $250 Million Uber Funding by Year-End, R2 Demand Strong

Why Rivian Stock Popped Today

Rapidly rising R2 sales could pave the way for further gains for shareholders.

Rivian: Rivian says it's on track for $250 million Uber funding by year-end, R2 demand strong

The Uber funding and strong R2 sales are crucial to Rivian's push to narrow heavy losses and cash burn while it funds a bet on self-driving technology and leans on its joint venture with Volkswagen, which has become a major source of revenue.

Rivian Stock Can Rise More Than 30%. The R2 Isn’t Just for ‘Tesla Switchers.’

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Wall Street sets Rivian stock price for the next 12 months

Despite several key advancements on the technology and business side, Rivian (NASDAQ: RIVN) has not been enjoying strong stock market … Continue reading