Will Rivian Become The Next Tesla?

On November 10, San Jose, California-based electric vehicle maker Rivian Automotive Inc. (NASDAQ:RIVN) became the latest name to join the ever-growing list of EV manufacturers going public. As widely expected, Rivian’s IPO was another blockbuster after the company managed to raise about $13.5 billion by selling 175.95 million shares at $78 a pop. RIVN shares would go on to hit an intra-day high of $179.47 six days later before falling back to earth to trade at $118.11 on Tuesday’s intraday session. Amazingly, RIVN still boasts a market cap of $115…