Rivian soars on stock market debut
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Rivian Automotive surged on its Nasdaq debut with an opening market valuation of $86 billion, reflecting blockbuster expectations for the electric truck-maker, which has generated minimal revenue
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Rivian R1T: World’s first all-electric pickup

Range: 505km 
Starting price: $67,500

 Wheelbase: 4,449mm
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Rivian quarterly results (net loss, $ millions)
Rivian estimate

0 -300 -600 -900 -1200

-108 -135 -177 -200 -288 -353 -414 -580 -1,280

Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 
   2019 2020    2021
                         
           
R. J. Scaringe: Chief Executive Officer of California-based Rivian

Feb 2019: $700m round of investment led by Amazon

Apr 2019: Ford Motors invests $500m

Feb 2020: Amazon orders 100,000 electric vans to be delivered by 2025

Oct 2021: 180 R1Ts roll off production line. Pickup and SUV versions have 50,000 pre-orders

2023: Annual production target of 150,000 vehicles

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Sources: Bloomberg, Rivian, SEC Pictures: Getty Images, Rivian © GRAPHIC NEWS