The deal stands to benefit both companies, although investors in the legacy German automaker appear to be less enthusiastic.
Shares of electric vehicle maker Rivian Automotive (ticker: RIVN) are soaring, with the stock up more than 40% in premarket trading as of the time of this writing. The reason for the stock surge? The company is getting a $1 billion investment from legacy automaker Volkswagen, with another $4 billion to come. Here’s what you need to know.
