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HomeTechnologyRivian stock surges on day one amid EV maker’s simmering controversies

Rivian stock surges on day one amid EV maker’s simmering controversies

Rivian stocks hit the marketplace lately, and it’s already proving to be a hefty good fortune for the Tesla-rivaling EV-maker regardless of ongoing questions on manufacturing and extra. The corporate – which started delivery somewhat small numbers of its R1T all-electric pickup truck not too long ago, and plans to do the similar with its R1S SUV in 2022 – had priced its RIVN stocks at $78 forward in their Nasdaq debut, however they opened at virtually $107 every.

As of newsletter, the fee had higher after which dipped, achieving a top at one level of just about $120 every. Within the procedure, it driven Rivian’s valuation past that of auto-industry mainstays like Ford and Normal Motors.

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