Rivian’s stock surge: Irvine EV startup is valued like these name-brand companies
Rivian’s stock surge: Irvine EV startup is valued like these name-brand companies
How is a upstart truck maker without a product for sale one of America’s most valuable companies?
Irvine-based Rivian is certainly a gambit, but funding partners such as Ford Motor and Amazon believe it likely will become a serious player in the electric truck business. It went public this week, selling shares on Wall Street for the first time with an enthusiastic reception that gave it a market…