Why Rivian Stock Is On Fire Today

A massive deal has reignited investors' expectations of the electric vehicle stock.Shares of Rivian Automotive (RIVN 19.27%) catapulted this morning, surging 23.8% within minutes of the start of trading. The electric vehicle (EV) stock was trading 19% higher as of 10:45 a.m. ET Wednesday.Amid all of its struggles in recent years, the biggest hope for Rivian has been its collaboration with Volkswagen Group, which has backed the EV maker's technology and is an investor. Yesterday, the two companies struck the ...