
Rivian Surges Amid Speculation of Government Contracts But Faces Uphill Battle
Rivian’s stock surged 6.6%, outperforming the S&P 500 and Nasdaq Composite. Speculation arose around potential U.S. State Department contracts for electric vehicles originally eyed by Tesla, now possibly benefiting Rivian. Despite market optimism, Rivian faces financial challenges, including a $1.1 billion net