Tesla Rival Rivian Secures $5B Investment from Volkswagen
Tesla rival Rivian saw its shares skyrocket on Wednesday thanks to a massive investment from Volkswagen. The company announced on Tuesday that it would be investing $5 billion into Rivian to form a partnership to create “next-generation software-defined vehicle (SDV) platforms to be used in both companies’ future electric vehicles.” Related: Rivian Announces R2, R3…