It’s not just Tesla.
Electric-vehicle startup Rivian (RIVN) has roared into public markets with a killer public offering and a market value of $116 billion. That’s 32% more than General Motors (GM) is worth, and 47% more than Ford (F). Rivian has never sold a vehicle until this year. GM sells around 7 million vehicles per year; Ford, 4 million.
If you add up the market value of Tesla (TSLA), Rivian, and 5 other startups including Lucid (LCID), Nikola (NKLA), Fisker (FSR), Lordstown Motors…
Source link
