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The electric vehicle maker has been public for all of one week, but its share price has more than doubled in that time, valuing Rivian at more than $140 billion — just ahead of Volkswagen , and in third place behind Toyota and Tesla . On Tuesday, the stock opened 6% higher, at about $159 a share. When the company debuted last week, it priced its shares at $78.
Don’t act surprised. Rivian is what happens when everyone thinks EV’s are “taking over” and ICE is “dead”.
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