Is Rivian (RIVN) a Buy Post VWAGY Deal & Investor Day Insights?

U.S. electric vehicle (EV) maker Rivian Automotive (RIVN) hogged the limelight last week with two major developments. First, it announced a massive deal with Germany-based auto giant Volkswagen (VWAGY) . Second, it held its 2024 Investor Day, focusing on its plans for cost-cutting and production efficiency.Shares of Rivian got an immediate boost from a capital injection decision by Volkswagen, with shares rallying 23% the following day. By the end of the week, the stock erased some of the gains as investors ...