‘Next Tesla’ tag sends Rivian above $100 billion — without sales
‘Next Tesla’ tag sends Rivian above $100 billion — without sales
By Thyagaraju Adinarayan and Esha Dey | Bloomberg
Irvine-based Rivian Automotive reached a market value of over $100 billion two days after its initial public offering, drawing comparisons to Tesla Inc.
But there are stark differences: When Tesla went public in 2010, the Elon Musk-led firm disclosed $93 million in revenue and losses far below the $1 billion Rivian reported for the first…
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