{"id":368566,"date":"2021-11-17T21:10:40","date_gmt":"2021-11-17T18:10:40","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/electric-car-maker-rivian-stalls-after-red-hot-market-debut\/"},"modified":"2021-11-17T21:10:40","modified_gmt":"2021-11-17T18:10:40","slug":"electric-car-maker-rivian-stalls-after-red-hot-market-debut","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/electric-car-maker-rivian-stalls-after-red-hot-market-debut\/","title":{"rendered":"#Electric car maker Rivian stalls after red hot market debut"},"content":{"rendered":"<p>&#8220;<strong>#Electric car maker Rivian stalls after red hot market debut<\/strong>&#8221;<\/p>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Shares of electric vehicle maker Rivian retreated Wednesday, putting brakes on a euphoric rally that has seen it surpass legacy automakers such as <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">General<\/a> Motors in market capitalization despite questions about its business model.<\/p>\n<p>Rivian dropped, 14 percent, for the first time since its blockbuster market debut last week made the company the second-most valuable US automaker. <\/p>\n<p>Analysts said\u00a0Rivian\u2019s stunning show in its initial public offering lifted demand for other EV stocks. They added that a pullback in Tesla\u2019s stock after chief Elon Musk offloaded his stake worth billions of dollars also spurred <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>etite for others in the sector, such as luxury electric car maker Lucid, whose market value eclipsed that of Ford on Tuesday after the company said it is confident of producing 20,000 of its upcoming Lucid Air sedans in 2022.<\/p>\n<p>On Wednesday, Lucid also saw a decline, as the most heavily traded US stock was down almost 7 percent in mid-afternoon trading.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/rivian-stalls-after-blockbuster-debut2.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"A closeup view of a Lucid Air Grand Touring electric luxury car \" class=\"wp-image-20177322\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/rivian-stalls-after-blockbuster-debut2.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/rivian-stalls-after-blockbuster-debut2.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/rivian-stalls-after-blockbuster-debut2.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Lucid, maker of the luxury Lucid Air electric car, saw its market value eclipse that of Ford after the company said it is confident of producing 20,000 of its Lucid Air sedans in 2022.<\/figcaption><figcaption><span class=\"credit\">AFP via Getty Images<\/span><\/figcaption><\/figure>\n<\/div>\n<p>Conversely, Tesla shares made gains, up 3 percent mid-afternoon, rising for a second day, as investors appeared to take in stride <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> of Musk selling another $973 million in stock to pay taxes after exercising options.<\/p>\n<p>Electric pickup truck maker Canoo surged 10.9 percent to hit over a five-month high after the company said it would start U.S. production in the final quarter of 2022, sooner than previously announced 2023.<\/p>\n<p>Lucid, Tesla and\u00a0Rivian\u00a0were among the top-most discussed stocks on investor-focused website stocktwits.com, signaling interest from small-time investors.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/rivian-stalls-after-blockbuster-debut3.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Elon Musk holding a microphone in front of Tesla signage\" class=\"wp-image-20177381\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/rivian-stalls-after-blockbuster-debut3.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/rivian-stalls-after-blockbuster-debut3.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/rivian-stalls-after-blockbuster-debut3.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Tesla shares were up for a second day as investors appeared to take in stride news of Tesla CEO Elon Musk selling another $973 million in company stock.<\/figcaption><figcaption><span class=\"credit\">Visual China Group via Getty Images<\/span><\/figcaption><\/figure>\n<\/div>\n<p>\u201cWhat you\u2019re seeing is these unbelievable valuations when you don\u2019t have any profitability,\u201d said Stephanie Lang, chief investment officer at wealth management firm Homrich Berg.<\/p>\n<p>\u201cYou have to be careful here because oftentimes when valuations really are stretched and have no basis, that\u2019s going to end badly.\u201d\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2021\/11\/17\/electric-car-maker-rivian-stalls-after-red-hot-market-debut\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Electric car maker Rivian stalls after red hot market debut&#8221; Shares of electric vehicle maker Rivian retreated Wednesday, putting brakes on a euphoric rally that has seen it surpass legacy automakers such as General Motors in market capitalization despite questions about its business model. Rivian dropped, 14 percent, for the first time since its blockbuster&#8230;<\/p>\n","protected":false},"author":1,"featured_media":368567,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/rivian-stalls-after-blockbuster-debut.jpg?quality=90&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[119497,2758,70462,72550,70917,70359],"class_list":["post-368566","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-11-17-21","tag-amazon","tag-electric-cars","tag-general-motors","tag-startups","tag-stocks"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/368566","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=368566"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/368566\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/368567"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=368566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=368566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=368566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}