Tesla Rival Rivian’s Stock Has Best Day EverAs Surprise Post-Election Rally Accelerates

Category: Finance

Rivian stock experienced its largest daily percentage gain ever, rising 56% since Election Day, amid a broader rally in American car stocks. Despite concerns over potential cuts to electric vehicle subsidies under President-elect Trump, Rivian's performance has defied expectations. The company, however, remains significantly down from its peak and has yet to report a profitable quarter, with substantial institutional backing and a notable share of the U.S. electric vehicle market.

Keywords: Rivian, Electric Vehicles, Stock Market

Source: Forbes

Update At: 1/4/2025

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