
Shares of Rivian Automotive Inc (NASDAQ:RIVN) are trading higher Wednesday afternoon, despite a lack of company-specific news for the session. Here’s what investors need to know.
What To Know: Optimism over the past week is largely centered on the upcoming R2 SUV. An analyst from Needham recently reiterated a Buy rating for Rivian, highlighting the potential of the more affordable $50,000 vehicle to significantly expand the company’s market reach.