Rivian's Market Value Skyrockets After R2 Reveal and Factory Cost Reductions
Saturday, 9 March 2024, 23:29
Rivian's Market Value Soars After R2 Reveal
Rivian's market value experienced a significant surge following the unveiling of the R2 model. The company's strategic move has grabbed attention and triggered positive market response.
Cost Reductions 'Massively' Cut
The cost reductions implemented by Rivian have been described as 'massive', emphasizing the impact on the company's financial health and outlook. These measures have alleviated concerns raised by Elon Musk.
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