Rivian is expected to go public tonight. Is it going to be the slayer of Tesla?
Rivian is expected to begin trading Wednesday on the Nasdaq under the ticker symbol " $Rivian Automotive(RIVN.US$ " .![]()
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I expect this stock would be the hottest stock tonight.
I expect this stock would be the hottest stock tonight.
Amazon-backed EV maker valued at $77 billion on a fully diluted basis.
Electric-vehicle maker $Rivian Automotive(RIVN.US$ priced its initial public offering at $78 a share Tuesday night, well above its expected range and valuing the company at $77 billion on a fully diluted basis, which could possibly result in a crash on the first day of its IPO.
The game-changing Amazon deal
Electric vehicle startup Rivian is expanding a fleet business that appeared to be exclusively tied to $Amazon(AMZN.US$.
The company, in which Amazon holds a 20% stake, will start taking orders for its electric delivery vans in 2022, with plans to deliver them to customers by early 2023, according to a new section of Rivian's website.
Here are all the models that're ready to be purchased on Rivian's website.
R1T
R1S
Despite many media calling it the Tesla killer, I personally prefer to call it the Ford killer, since their car models show some higher similarity.
Ford used to produce one of the best sellers of pickup trucks in America: F-150
Since its initial launch, Ford has been taking F-150 Lightning reservations with a $100 refundable deposit, initially revealing that the truck had received 20,000 reservations on the first day. Demand for the F-150 Lightning reservations carried steadily through the summer, and now tops 160,000.
Souce: Bloomberg, Techcrunch, electrek
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