Bubble trouble for Rivian? Irvine EV maker is latest high-flyer to pop
Bubble trouble for Rivian? Irvine EV maker is latest high-flyer to pop
By Thyagaraju Adinarayan | Bloomberg
Skeptics who have long fretted about a speculative bubble in shares of hyper-expensive, unprofitable companies are pointing to this week’s blowup in Rivian Automotive Inc. as the latest sign that the air is leaking out fast.
Rivian, the Irvine maker of electric pickup trucks, briefly surpassed Volkswagen AG’s market value after its November initial public…