Rivian shares soar on massive cash injection from Volkswagen, starting immediately with $1 billion
Shares of Rivian soared 40% before markets opened Wednesday after Volkswagen vowed to invest $1 billion in the struggling electric vehicle maker immediately, and a potential total of up to $5 billion as part of a software development agreement. Rivian’s market value soared close to $86 billion shortly after it went public in 2021, but