Tulip Mania: Rivian (RIVN) Overtakes Volkswagen (VW) To Become the World's Third-largest Automaker by Market Cap - NewsBreak

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By Flemming in Business
Updated 2 years ago

Rivian (NASDAQ:RIVN), a manufacturer of electric vans, trucks, and SUVs, just crossed into the financial twilight zone by eclipsing Volkswagen despite having no material revenue. Rivian shares are currently trading at $161.04 in pre-market, thereby corresponding to a market capitalization of over $143 billion. The ongoing stock price surge...