Rivian Electric Truck IPO Review | Zo Pronto business class
Culture & Currency Podcast
English - November 12, 2021 23:15 - 6 minutes - 12.9 MBEntrepreneurship Business Music Music Commentary Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
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On latest segment of Zo Pronto's Business Class, he talks about the recent Rivian Electric Truck IPO. In the first day of trading after its initial public offering, Rivian’s stock jumped 29 percent, putting its market value at $86 billion — in line with G.M.’s and higher than Ford’s. Rivian’s upscale pickup truck, the R1T, is aimed at drivers who like off-roading. The contract with Amazon could provide a steady revenue stream. But on the consumer side, Rivian faces competition not just from Tesla, which is developing a truck, but also from automakers that have much experience with mass production.
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