Ford (F) , Rivian (RIVN) and other auto stocks were all booming higher on Tuesday and it was a good day to be an automotive investor. That’s even if the most recent stretch of trading hasn’t been that good.
General Motors (GM) is up about 7% on the week, including an 8.9% rally on Tuesday after it announced its quarterly delivery results on Monday.
Ford reported its third-quarter delivery results Tuesday morning and climbed over 7% on the day as a result. It’s up slightly today.
Finally, we have Rivian, which rallied more than 13% on Tuesday after it confirmed its production target for the year of 25,000 vehicles.
Source: https://www.thestreet.com/investing/rivian-stock-may-finally-be-a-buy-but-lets-look-at-the-chart?puc=yahoo&cm_ven=YAHOO&yptr=yahoo