Rivian (NASDAQ: RIVN) made a huge announcement on Tuesday that will invest up to $3 billion in the company, and the two companies will start a joint venture to share vehicle architecture. In this video, Travis Hoium breaks down the deal and why Rivian may have bought itself time, but not changed its fate long-term.

*Stock prices used were end-of-day prices of June 25, 2024. The video was published on June 26, 2024.

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Source Fool.com