FILE - A Rivian sports-utility vehicle is seen on display in Austin, Texas, Feb. 22, 2023. Shares of Rivian are soaring before the opening bell on Wednesday, June 26, 2024, after Volkswagen has agreed to invest up to $5 billion in a new joint venture with the electric vehicle maker. (AP Photo/Eric Gay, File)
FILE- Rivian chargers sit Monday, March 4, 2024, in Charlotte, N.C. Shares of Rivian are soaring before the market open on Wednesday as Volkswagen has agreed to invest up to $5 billion in a new joint venture with the electric vehicle maker. Rivian's stock jumped more than 33% in premarket trading. (AP Photo/Chris Carlson, File)
FILE - A Rivian electric delivery van carrying Amazon packages is shown on Jan. 31, 2024, in Kennesaw, Ga., near Atlanta. Shares of Rivian are soaring before the opening bell on Wednesday, June 26, 2024, after Volkswagen has agreed to invest up to $5 billion in a new joint venture with the electric vehicle maker.(AP Photo/Mike Stewart, File)
FILE - A 2023 R1T pickup truck is charged in a bay at a Rivian delivery and service center Feb. 8, 2023, in Denver. Shares of Rivian are soaring before the opening bell on Wednesday, June 26, 2024, after Volkswagen has agreed to invest up to $5 billion in a new joint venture with the electric vehicle maker.(AP Photo/David Zalubowski, File)