$Rivian Automotive (RIVN.US)$'s debut places it among the world's most valuable automobile stocks
Electric-truck startup $Rivian Automotive (RIVN.US)$'s blockbuster trading debut has already placed it in the upper echelons of the global automotive industry, with a market valuation eclipsing that of $Ford Motor (F.US)$ and $NIO Inc (NIO.US)$ Retail investors piled into Rivian, placing it as the most bought asset amid ongoing enthusiasm for the still-nascent sector.
$Amazon (AMZN.US)$ and $Ford Motor (F.US)$ are among Rivian's backers. The EV maker has raised $10.5 billion since 2019 after several investment rounds, with the latest a $2.5 billion funding round in July, led by Amazon.com's Climate Pledge Fund, Ford, and T. Rowe Price funds, among others.
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