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Why Rivian Shares Jumped Today

TheMotleyFool

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Investors were buying shares of Rivian Automotive (NASDAQ: RIVN) today despite some negative press. Rivian stock was trading near session highs, up 7.1% as of 2:44 p.m. ET.

The first bit of news came from none other than Elon Musk. The Tesla CEO predicted in a video posted on Twitter that competitors Rivian and Lucid Group were on a path to bankruptcy. Now, Musk isn't exactly a neutral party on the subject of electric vehicles, and the video and news of it reported by Yahoo! Finance likely didn't drive shares either way.

Source Fool.com

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