Rivian excites investors, prices IPO at $78

Rivian has advised traders it expects to incur losses for a while because it carries out the costly work of constructing out its infrastructure. It disclosed a $288 million loss within the three months ending in Sept. 30, 2020, in response to monetary records. Its take care of Amazon to ship 100,000 autos ought to give it a monetary lifeline within the quick time period whereas it scales as much as meet buyer demand.

https://www.washingtonpost.com/enterprise/2021/11/10/rivian-ipo-electric-vehicles/?utm_source=rss&utm_medium=referral&utm_campaign=wp_business | Rivian excites traders, costs IPO at $78

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