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