Huge day for the Rivian stock as it's up just over 15% so far. It's now at $52.94 a share.
From the sounds of things a lot of people bought the dip.
From the sounds of things a lot of people bought the dip.
Rivian Stock up 15% today!
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NASDAQ recently shared some reasons why it went up so much here https://www.nasdaq.com/articles/why-rivian-stock-is-climbing-today.
I think Tesla news could be contributing a good amount.
"Some investors may also be reacting to news that came out yesterday that Tesla wants to split its stock again. The EV company last split its stock in August 2020, and since then its share price has more than doubled.
While Tesla potentially splitting its stock doesn't directly have anything to do with Rivian, investors often get excited when there's momentum for another company in the same industry. So interest in Tesla's stock right now could be having a spillover effect for other EV makers like Rivian."
I think Tesla news could be contributing a good amount.
"Some investors may also be reacting to news that came out yesterday that Tesla wants to split its stock again. The EV company last split its stock in August 2020, and since then its share price has more than doubled.
While Tesla potentially splitting its stock doesn't directly have anything to do with Rivian, investors often get excited when there's momentum for another company in the same industry. So interest in Tesla's stock right now could be having a spillover effect for other EV makers like Rivian."
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I'm sure that it also helps that Rivian has been delivering trucks at a regular pace lately. Looking forward to receiving mine!
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Yup, I wonder if the poll after the price increase contributed because only 47% said they will not stay with Rivian.
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