Rivian, an electric vehicle (EV) maker, has a market cap of $23 billion, surpassing global car giant Stellantis, which is valued at $20 billion despite selling millions more vehicles. Rivian expects to sell 65,000 to 70,000 vehicles this year, while Stellantis sold about 5.4 million last year with $50 billion in revenue but only a small profit, indicating a slow turnaround. The disparity reflects investor optimism about EV growth compared to traditional gas-powered car companies, even though EVs currently hold a small share of the US market. This raises questions about whether Stellantis is undervalued or Rivian overvalued in the current market.
Rivian CEO RJ Scaringe will discuss the company's journey in building scalable hardware and its expansion beyond niche electric vehicles at TechCrunch Disrupt 2026. He highlights the launch of the $58,000 R2 SUV aimed at broadening Rivian's market am...
Nio's shares fell 5% following BlackRock's disclosure of a 12% reduction in its stake as of June 30, despite Nio showing strong operational performance with record ES9 SUV deliveries and a 71% year-over-year increase in July vehicle deliveries. The s...
