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.