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Options Newsman wrote a post · Nov 10, 2021 18:20

Rivian is expected to go public tonight. Is it going to be the slayer of Tesla?

Rivian is expected to begin trading Wednesday on the Nasdaq under the ticker symbol " $Rivian Automotive (RIVN.US)$ " .
I expect this stock would be the hottest stock tonight.
Amazon-backed EV maker valued at $77 billion on a fully diluted basis.
Electric-vehicle maker $Rivian Automotive (RIVN.US)$ priced its initial public offering at $78 a share Tuesday night, well above its expected range and valuing the company at $77 billion on a fully diluted basis, which could possibly result in a crash on the first day of its IPO.
The game-changing Amazon deal
Electric vehicle startup Rivian is expanding a fleet business that appeared to be exclusively tied to $Amazon (AMZN.US)$.
The company, in which Amazon holds a 20% stake, will start taking orders for its electric delivery vans in 2022, with plans to deliver them to customers by early 2023, according to a new section of Rivian's website.
Rivian is expected to go public tonight. Is it going to be the slayer of Tesla?
Here are all the models that're ready to be purchased on Rivian's website.
R1T
Rivian is expected to go public tonight. Is it going to be the slayer of Tesla?
Rivian is expected to go public tonight. Is it going to be the slayer of Tesla?
R1S
Rivian is expected to go public tonight. Is it going to be the slayer of Tesla?
Rivian is expected to go public tonight. Is it going to be the slayer of Tesla?
Rivian is expected to go public tonight. Is it going to be the slayer of Tesla?
Bloomberg also reported about the $Tesla (TSLA.US)$'s new rival last week.
Despite many media calling it the Tesla killer, I personally prefer to call it the Ford killer, since their car models show some higher similarity.
Ford used to produce one of the best sellers of pickup trucks in America: F-150
Rivian is expected to go public tonight. Is it going to be the slayer of Tesla?
Since its initial launch, Ford has been taking F-150 Lightning reservations with a $100 refundable deposit, initially revealing that the truck had received 20,000 reservations on the first day. Demand for the F-150 Lightning reservations carried steadily through the summer, and now tops 160,000.
Rivian is expected to go public tonight. Is it going to be the slayer of Tesla?
Souce: Bloomberg, Techcrunch, electrek
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