Whether you're an industry watcher or a casual investor, it's been hard to ignore the coverage of up-and-coming electric vehicle (EV) manufacturer Rivian Automotive (NASDAQ: RIVN). From shattering initial public offering (IPO) records to fetching an over-$150 billion valuation at its peak (which is more than General Motors, Ford, or even Starbucks), Rivian embodies a spirit of optimism and imagination. Love it or hate it, Tesla (NASDAQ: TSLA) has these attributes in spades.
The electric vehicle (EV) industry is smoking hot right now. New players are entering the space, existing titans are opening their pocketbooks and investing in EVs, and a slew of support players such as charging companies, battery companies, and autonomous driving companies are accelerating innovation.
(Bloomberg) -- Most Read from BloombergBillionaire Family Feud Puts a Century-Old Business Empire in JeopardyAn Arab City’s Booming Art Scene Is Also a Grab at Soft PowerThe Winners and Losers From a Year of Ranking Covid ResilienceTesla Inc. will forgo 1.14 billion euros ($1.3 billion) of state aid for the factory it’s building in Germany because it has decided to try to produce a new type of battery cell at scale in Texas first, a person familiar with the matter said.The U.S. automaker has bee