2 Quick Reasons Rivian Stock Is Soaring This Week

Rivian Automotive (NASDAQ: RIVN) shares are up 23% over the past 24 hours. There are two reasons for the big move, one of which could presage even more growth in 2026.It was an exciting quarter for Rivian when it came to sales growth, which came in 78% higher than the same quarter one year ago, reaching $1.55 billion. Rivian struggled with flatlining sales growth for nearly two years. No new model introductions launched over that time period, so this much sales growth might have you asking what catalyst made it possible. The most obvious catalyst involves federal tax credits, which effectively lowered the price of a new EV by up to $7,500. While Rivian didn't qualify for the incentive directly, consumers were able to take advantage via lease deals. In short, these customers -- who may have otherwise made a purchase next month, next quarter, or even not at all -- accelerated their decisions in order to take advantage of these tax credits before they expired on Sept. 30.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool