June 26, 2024
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5:16Now PlayingRivian stock soars as Volkswagen says it will invest up to $5 billion in new joint venture. Volkswagen will invest an initial $1 billion in Rivian through an “unsecured convertible note that will convert into Rivian’s common stock,” with up to $4 billion in additional investment staged through 2026 for a total infusion of $5 billion.
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