Rivian | valuation

The week that was: Rivian $100bn valuation, Mining M&A… Santa rally?

By Justin Rowe-Roberts, Investment Correspondent The week’s highlight feature was American electric vehicle (EV) company, Rivian, listing through an initial public offering (IPO), priced at $78 a share – raising $11.9bn. The IPO was the largest on an American exchange since 2014 and, since listing on Tuesday, has climbed to a valuation of over $100bn.…

Rivian, Lucid: Who are these Tesla challengers?
Lucid | Rivian

Rivian, Lucid: Who are these Tesla challengers?

By Jarryd Neves, motoring correspondent Founded just 18 years ago, no one could have predicted how big (and influential) Tesla would become in less than two decades. Named after famed inventor Nikola Tesla, the electric car brand was the brainchild of Martin Eberhard and Marc Tarpenning. Through a sizeable $6.5m investment, Elon Musk got involved…