🟢 Rivian Automotive is trading 4.28% up today after announcing UK expansion with the R2 SUV

Rivian Automotive is trading 4.28% up now at $16.70 after CEO RJ Scaringe announced European expansion targeting the United Kingdom with the R2 SUV, expected to start near £40,000.

• The announcement positions Rivian against Tesla’s Model Y and provides a company-specific growth catalyst.
• Needham reaffirmed its Buy rating and $23 price target, supporting positive investor sentiment.