Is Rivian Stock a Buy After the $5 Billion Volkswagen Investment?
The electric vehicle (EV) industry has not been particularly kind to investors, especially those who bet on Rivian Automotive (NASDAQ: RIVN). Its shares have lost around 90% of their value since going public three years ago amid rising competition and missed production targets.
But some recent good news have given the shares a lift. Let's dig deeper into Rivian's just-announced partnership with and what it could mean for the struggling automaker.
On June 25, Rivian and Volkswagen announced plans to create a joint venture to develop EV software and technologies for their respective automotive businesses.
Source Fool.com
Volkswagen AG ST Aktie
112,70 €
1,35 %
Die Community zeigt bei Volkswagen AG ST eine Tendenz zu Buy-Einschätzungen.
Das Kursziel von 140 € für Volkswagen AG ST signalisiert eine mögliche Steigerung von über 20% gegenüber 112.7 €.
