Rivian's IPO: A Look Under the EV Maker's Hood

The Tesla competitor filed papers this week for an Initial Public Offering in which it values itself at $80 billion. Rivian is the first automaker to release an electric-powered truck to consumers. Its S-1 filing with the SEC reveals nearly 49,000 pre-orders for its R1T pickup and R1S SUV, but it is losing money — $1 billion in 2020. Take a look at the company’s finances and the enormous influence Amazon has on it.

Read more

Show More

Related Articles

Back to top button