Shares of Rivian fell below IPO price last week

Shares of Rivian briefly fell below their IPO price last week (by as much as 16.5% to $75.13) in what Autoblog described as a broader selloff among electric vehicle makers “as the race for market share intensifies with legacy companies ramping up EV production.” Autoblog said the price fell below the debut price of $78 for the first time, “before closing the day at $87.33, down just under 3%.” Tesla, Lucid Group, and Fisker also lost ground. (Source: Autoblog) Read the original story…

Related Articles
Share via
Copy link