Volkswagen Stock Is Practically Free, and Rivian Is Cheap. Valuations Can Make No Sense.

Volkswagen


stock sometimes can feel like it makes no sense, as can shares of electric vehicle start-ups like


Rivian Automotive


But for investors, sometimes market disconnects can spell opportunity.

Volkswagen


(ticker: VOW.Germany) shares jumped Friday after the company reported numbers that it had already released three weeks ago. Its stock climbed 7.4% in overseas trading, while its American depositary receipts were up 5.5% in early trading. The


S&P 500


and


Dow Jones Industrial Average


edged up 1.3% and 1.4%, respectively.