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Rivian, Tesla, Lordstown: 3 EV Stories to Watch Wednesday

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Rivian Automotive went public on the Nasdaq under ticker ‘RIVN.’ 

The Tesla competitor opened for trading at $106.75 after pricing its IPO at $78.

Related: Rivian IPO: Everything You Need to Know As Tesla Competitor Makes Public Debut

Tesla’s  (TSLA) - Get Tesla Inc Report market value fell below $1 trillion. Tesla stock has been sliding ever since CEO Elon Musk suggested he would sell 10% of his stake.

Related: Tesla Stock Extends Slide, Falls Below $1 Trillion Value, As Investors Eye Musk Share Sale

On November 6, Musk asked his Twitter  (TWTR) - Get Twitter, Inc. Report followers if he should sell shares. 

"I will abide by the results of this poll, whichever way it goes," he further tweeted. "Note, I do not take a cash salary or bonus from anywhere. I only have stock, thus the only way for me to pay taxes personally is to sell stock."

Related: Elon Musk's Most Memorable Tweets in 2021 (So Far)

Lordstown Motors  (RIDE) - Get Lordstown Motors Corp. Class A Report appointed Edward Hightower as its new president. Hightower will replace Rich Schmidt on November 29.

Related: Lordstown Motors Names Edward Hightower as New President

Watch the video above to know more.

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