Tesla Rivals Lucid, Rivian, Fisker Struggling to Compete - BitcoinEthereumNews.com
Rivian Shares Battered on The Stock Market With the exception of Lucid Group (LCID) – รับ Lucid Group, Inc. รายงาน, and Fisker Inc (FSR) – Get Fisker Inc Class A Report, the shares of most of these firms — Rivian (RIVN) – รับรายงาน Rivian Automotive, Inc. Class A, Nikola (สนช) – รับรายงานของ Nikola Corporation, Lordstown Motors (RIDE) – Get Lordstown Motors Corp. Class A Report, and Hyliion Holdings (HYLN) – Get Hyliion Holdings Corp. Class A Report — have crashed after surging. The prices of these stocks are now below their IPO price. And it is not certain that they will recover in the short term. Most of these firms entered the market through a reverse merger with a special purpose acquisition company (SPAC). Typically, SPACs command an initial offering price of $10 — comprised of an equity unit and a warrant — with shares having the potential to move dramatically higher once sponsors reveal the merger target. Rivians stock is currently trading at $47.37, down 39.2% from its November 10 IPO price of $78. In full euphoria, the action of the manufacturer of SUVs and electric pickups had risen to $172.01 on November 16, a week after its first stock market debut. As for