Usa, Rivian explodes on the stock exchange with its electric vehicles. Second for capitalization only to Tesla in the USA
An almost unknown manufacturer of electric vehicles that has delivered only 160 vans (to its employees) can go on the stock market, make the “bang” and gain the confidence of the market to become the second industry company in the United States behind Tesla?
An impossible mission that became reality a few days ago when the American Rivian, made the “bang” a Wall Street with the largest stock exchange debut since Facebook nearly 10 years ago.Rivian has in fact collected approx 12 billion dollars with a starting price of the share of 78 dollars which, in a few minutes, jumped to 119 dollars, with revaluations of 50%. The strong demand then “calmed” the price to 100.73, with a 29% growth. On these values the capitalization of the Rivian is now around 90 billion, which makes it second Bloomberg, the second company in the sector ahead to Ford and General Motors and behind only the “creature” of Elon Musk.
Usa, Rivian explodes on the stock exchange with its electric vehicles. Second for capitalization only to Tesla in the USA
Worldwide Rivian is now “only” sixth ahead of giants of the caliber of Wolkswagen, Toyota and Daimler. But what are the reasons for such success on the part of investors? Mainly two. The first can be defined orders received. The company has some in the safe as well 55000 for as many vehicles to be delivered by 2023, and the second is the name of the customer who requested over 10,000 electric vans. The customer is Amazon which is pushing for clean energy and which represents more than a guarantee for any investor. Faced with this the American stock market, which is experiencing a euphoric phase, has made a leap into the past by Tesla and trusted the company. A company that, although structured with 6,000 employees and production potential from 150,000 vehicles per year, this quarter reported a loss of $ 1.28 billion.
But in a clean world without it fossils and polluting particles the future of the company is bright. Apparently much rosier than giants like General Motors which sold 6.8 million vehicles in 2020 or Ford with 4.2 million. And the race for the new “clean” world has begun ruthless even among car manufacturers. The future has just begun and it will have losers and winners. Rivian could be part of the latter.
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