Is Rivian Stock a Buy After the $5 Billion Volkswagen Investment?
The Motley Fool • 596 days
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The electric vehicle industry has become significantly more risky and competitive. Volkswagen's inve...
Original sourceAI Summary
- Rivian's shares have increased after a $5 billion deal with Volkswagen. - Volkswagen to take $1 billion equity stake in Rivian, invest $2 billion in shares. - Deal expected to reduce Rivian's software cost per vehicle. - The $2 billion partnership will address Rivian's financial challenges for now. - It may take several more quarters for Rivian to achieve profitability. Price Impact Rating: bullish Impact Horizon Rating: short-term Type: Industry News
Market-Moving
- Rivian's shares have increased after a $5 billion deal with Volkswagen.
- Volkswagen to take $1 billion equity stake in Rivian, invest $2 billion in shares.
- Deal expected to reduce Rivian's software cost per vehicle.
Key Facts
- Rivian's shares have increased after a $5 billion deal with Volkswagen.
- Volkswagen to take $1 billion equity stake in Rivian, invest $2 billion in shares.
- Deal expected to reduce Rivian's software cost per vehicle.
- The $2 billion partnership will address Rivian's financial challenges for now.
- It may take several more quarters for Rivian to achieve profitability.