Rivian, the electric-truck maker, soars in early trading after its I.P.O.
The company, backed by Amazon and Ford, was valued at nearly $70 billion in its initial public offering, though it has delivered only 156 vehicles.
Rivian prices its I.P.O., valuing the electric-vehicle maker at nearly $70 billion.
The company, backed by Amazon and Ford, has delivered only 156 trucks so far, but its market worth approaches that of Ford.
6 Automakers and 31 Countries Say They’ll Phase Out Gasoline Car Sales
Ford, G.M. and Mercedes agreed to work toward selling only zero-emissions vehicles by 2040. But Toyota, Volkswagen and Nissan-Renault did not join the pledge.
6 Automakers and 31 Countries Say They’ll Phase Out Gasoline Car Sales
Ford, G.M. and Mercedes agreed to work toward selling only zero-emissions vehicles by 2040. But Toyota, Volkswagen and Nissan-Renault did join the pledge.
How to Turn a Red State Green
Ford’s plans for multi-billion dollar manufacturing sites for electric vehicles has Tennessee and Kentucky singing a different tune on cleaner energy.
Rivian edges closer to an I.P.O., seeking a valuation above $50 billion.
The company updated registration documents with the Securities and Exchange Commission on Monday.
China’s Popular Electric Vehicles Have Put Europe’s Automakers on Notice
By selling battery-powered S.U.V.s and luxury sedans in places like Germany and Norway, China is striving to become a force in the global auto industry.
Old Power Gear Is Slowing Use of Clean Energy and Electric Cars
Some people and businesses seeking to use solar panels, batteries and electric vehicles find they can’t because utility equipment needs an upgrade.
Hertz Places Order for 100,000 Tesla Vehicles
The order, which is expected to be delivered by the end of next year, is a sign of the growing momentum in the shift toward electric cars.
Tesla Owner Was in Driver’s Seat in Texas Crash, NTSB Says, Contradicting Initial Report
A Harris County sheriff’s constable said in April that evidence at the scene of the accident suggested that no one was driving the car when it crashed.