The Dow Jones Industrial Average traded back to unchanged on Monday, holding above September's bear market low. Read More...
Reuters
Rivian shares skid after EV maker recalls nearly all vehicles
Rivian’s market capitalization dropped more than $2 billion to $31.1 billion in a single day, compared with automakers such as Ford Motor Co and General Motors Co, which are valued at $45.67 billion and $47.08 billion, respectively. The company started selling electric vehicles in the third quarter of last year and has so far delivered 13,198 vehicles. The addition of battery packs and motors, as well as downtime required at the plant to ramp up capacity could derail Rivian’s pace of production, according to the brokerage.
