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Options Market Suggests Some People Likely Knew About The Tie-Up Between Rivian And Volkswagen Beforehand

NewsTech

Published:

Rivian Volkswagen

The recent tie-up between the struggling EV startup Rivian and the European legacy automaker Volkswagen (VW) turned out to be a huge rainmaker event for those in the know, precipitated by the stock's ~50 percent surge in the immediate aftermath of this paradigm-changing development. Rivian's Remarkable Resurgence Like the rest of its newly anointed peers in the EV industry, Rivian has had to contend with high operating costs and a relatively stagnant demand base for its pricey electric vehicles. In fact, last Friday, Rivian shares closed at $10.32 per share, constituting a loss of around 94 percent relative to its […]

Read full article at https://wccftech.com/options-market-suggests-some-people-likely-knew-about-the-tie-up-between-rivian-and-volkswagen-beforehand/

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