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Posted On: 11/17/2021 9:02:53 PM
Post# of 85938
When I read stuff like this my brain goes into overload.
I know it is not comparing apples to apples with Unvc but it definitely makes me think....lol
New York(CNN Business)Rivian, a 12-year-old startup with no revenue, is now the third most valuable carmaker in the world.
The electric vehicle maker has been public for all of one week, but its share price has more than doubled in that time, valuing Rivian at more than $140 billion — just ahead of Volkswagen ($139 billion), and in third place behind Toyota ($306 billion) and Tesla ($1 trillion).
On Tuesday, the stock opened 6% higher, at about $159 a share. When the company debuted last week, it priced its shares at $78.
I know it is not comparing apples to apples with Unvc but it definitely makes me think....lol
New York(CNN Business)Rivian, a 12-year-old startup with no revenue, is now the third most valuable carmaker in the world.
The electric vehicle maker has been public for all of one week, but its share price has more than doubled in that time, valuing Rivian at more than $140 billion — just ahead of Volkswagen ($139 billion), and in third place behind Toyota ($306 billion) and Tesla ($1 trillion).
On Tuesday, the stock opened 6% higher, at about $159 a share. When the company debuted last week, it priced its shares at $78.
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