Why Rivian Stock Is Surging Today
Rivian Automotive(RIVN) The Motley Fool·2024-11-26 01:24
Shares of Rivian Automotive (RIVN 12.55%) were trading higher on Monday after California's governor said that his state could provide rebates to electric vehicle (EV) buyers if President-elect Donald Trump ends federal EV tax credits.As of noon ET, Rivian's shares were up about 14.9% from Friday's closing price. California's governor is already aiming to offset Trump's EV policiesIn a statement on Monday morning, Gov. Gavin Newsom of California said that he will propose creating a new version of California' ...