Name: Tesla rival Rivian’s market value jumps by over $1.7B after it unveils R2 and halts $5B factory—cutting costs ‘massively’ as Elon Musk suggested
Uploaded: 2024-03-09T22:02:51-05:00
Duration: 5 min
Description: Tesla rival Rivian faced a make-or-break moment this week as it unveiled its latest model, the R2 SUV. Judging by its soaring shares, things went well. Since the Thursday event, the market value of the Amazon-backed electric-vehicle maker has jumped by more than $1.7 billion. Whether it sinks again as investors reconsider remains to seen, […]

Tag: 1.7B

Tesla rival Rivian’s market value jumps by over $1.7B after it unveils R2 and halts $5B factory—cutting costs ‘massively’ as Elon Musk suggested

Tesla rival Rivian faced a make-or-break moment this week as it unveiled its latest model, the R2 SUV. Judging by its soaring shares, things went well. Since the Thursday event, the market value of the Amazon-backed electric-vehicle maker has jumped by more than $1.7 billion. Whether it sinks again as investors reconsider remains to seen, […]