# VW to invest up to $5bn in Tesla rival Rivian

**URL:** <https://forum.devtalk.com/t/vw-to-invest-up-to-5bn-in-tesla-rival-rivian/160260>\
**Category:** In The News\
**Tags:** via-bbc-news-tech, tesla, in-the-news\
**Created:** [27 June 2024 00:52 UTC](https://forum.devtalk.com/t/vw-to-invest-up-to-5bn-in-tesla-rival-rivian/160260 "2024-06-27T00:52:28Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![CommunityNews](https://forum.devtalk.com/user_avatar/forum.devtalk.com/communitynews/32/1113_2.png) [@CommunityNews](https://forum.devtalk.com/u/CommunityNews)\
**Post date:** [27 June 2024 00:52 UTC](https://forum.devtalk.com/t/vw-to-invest-up-to-5bn-in-tesla-rival-rivian/160260/1 "2024-06-27T00:52:28Z")

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> Shares in the US-based electric truck and SUV maker jumped by almost 50% after the announcement.

Read in full here:

> **[German car maker VW to invest up to $5bn in Tesla rival Rivian](https://www.bbc.com/news/articles/c1ddmxmz1lpo)**
>
> Shares in the US-based electric truck and SUV maker jumped by almost 50% after the announcement.

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