The electric car maker Rivian is going public in November – and with a valuation that is only slightly below that of BMW: The market capitalization is likely to be around 60 billion dollars. Because the demand for the shares is so high, the start-up just raised the issue price for the shares again over the weekend. With Ford and Amazon, Rivian has two large corporations as financial supporters and is building an electric pick-up truck that can be bought in the USA well before Tesla’s cybertruck. However, only around 1,000 cars will be produced this year.
Rivian is not the only e-car manufacturer to accelerate the course to the maximum in the slipstream of Tesla. Lucid, also from California and listed on the stock exchange, has more than doubled its share since September. There is also competition from China: Nio is currently launching an electric SUV on the market in Europe, but is already leaving most of the European carmakers behind on the stock exchange. Franz Rother, publisher and editor-in-chief of the e-mobility platform Edison, knows why the stock exchange traders are so electrified, what hurdles await the challengers and what you as an investor have to look out for.
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