The Dow Jones Industrial Average surged 350 points Tuesday, as Intel jumped on plans to list its Mobileye unit. Apple and Tesla rallied sharply. Read More...
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Rivian: An EV Star Is Born
It has been less than a month since Rivian’s (RIVN) IPO, when the EV startup made a huge splash upon entering the public markets. The stock came zooming out of the gates amidst electric vehicle mania which immediately raised valuation questions; the company quickly became the U.S.’ biggest by market cap for one without any revenue (barring the sale of a few dozen vehicles). The stock has pulled back a bit from November’s peak and now boasts a market cap of “only” $104 billion. In any case, Wedbu
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