Rivian shares surge as company reveals new EV models, $2.25 billion in cost savings
Publishing timestamp: 2024-03-07 16:08:53
Summary
Rivian Automotive unveiled three new vehicles and announced over $2 billion in savings by pausing construction on a plant in Georgia. The company's stock surged 13% as it introduced the R2 SUV, along with two surprise crossovers, R3 and R3X. The announcements come as Rivian aims to expand its customer base amid slower-than-expected EV sales in the U.S.
Sentiment: MIXED
Keywords: rivian automotive inc, business news, business, breaking news: technology, amazon.com inc, autos, transportation, electric vehicles, tesla inc, breaking news: business, technology,
Source: https://www.cnbc.com/2024/03/07/rivian-r2-electric-suv-starting-price-performance.html