Rivian Stock Soars Following Acclaim from Wall Street Analysts
Friday, 8 March 2024, 15:20
Rivian Stock Price Surge
Shares of Rivian (RIVN) climbed following the company's strategic decision to halt the construction of its Georgia factory. This move, labeled a prudent decision by Truist, contributed to the positive market response. Rivian also introduced new models, with the R2 positioned as an affordable option at $45,000.
Analyst Insights
- Truist praised Rivian's decision as a wise move
- The introduction of the R2 model diversifies Rivian's product range
Market Analysis
- Brad Smith and Seana Smith comment on Rivian's progress amidst industry challenges
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