Rivian, the Electric-Truck Maker, Closes with a Big Gain After Its I.P.O.

Millions on the IPO rose an average of over $150 a share for those holding the stock back in the weeks following its offering. Despite their initial performances, investors, alas, do not buy stocks…

Rivian, the Electric-Truck Maker, Closes with a Big Gain After Its I.P.O.


Millions on the IPO rose an average of over $150 a share for those holding the stock back in the weeks following its offering. Despite their initial performances, investors, alas, do not buy stocks that rise like roller coasters, writes Erik Wemple.

Rivian, the Electric-Truck Maker, Closes with a Big Gain After Its I.P.O. Anyone hoping for a huge return after investing in Rivian, the electric-truck maker that went public in May, will now have to settle for a few hundred dollars at the new low price of $18.50.

Previously:

Rivian, the Electric-Truck Maker, Closes with a Big Gain After Its I.P.O.

“I said, so, I am a darkie [a Catholic slur for a Jew] and these guys are like—it’s almost as if we had sex with the pope. We’re the hip ones. They like us! They say that even though Rivian is not selling very many trucks and they did nothing to make us popular.” said co-founder James Stewart, summing up their lack of sales pitch as “we’re actually something new.”

Previously:

Rivian, the Electric-Truck Maker, Closes with a Big Gain After Its I.P.O.

“Anyone hoping for a huge return after investing in Rivian, the electric-truck maker that went public in May, will now have to settle for a few hundred dollars at the new low price of $18.50.”

Originally:

Rivian, the Electric-Truck Maker, Closes with a Big Gain After Its I.P.O.

“I said, so, I am a darkie [a Catholic slur for a Jew] and these guys are like—it’s almost as if we had sex with the pope. We’re the hip ones. They like us! They say that even though Rivian is not selling very many trucks and they did nothing to make us popular.”

told Gizmodo about “exactly” his feelings of having sold shares to “clean hippies and hipsters who have given up money so that they can do meditation on a bike.” He also made it clear that he doesn’t care about the fact that the company’s listing, marketed as a great return for their founders and investors, was actually a critical failure. At the risk of sounding like an ignorant Jew, he said “Silicon Valley is cool right now. In a way, maybe Rivian is going to be like that, too.” [Gizmodo]

Previously:

Rivian, the Electric-Truck Maker, Closes with a Big Gain After Its I.P.O.

“About a decade ago, this inspired guy proposed the idea of building an electric truck and a young Steve Jobs showed up at his house, clearly shaken by the whole thing. And it was intense. It was like, ‘Holy shit! I’m seeing some of the future here! What can we do?’” James Stewart, co-founder and CEO of Rivian, explains his faith in what he sees as a solution for an industry that is “overloaded, time-tested and probably dirty.” [Bloomberg]

Previously:

Leave a Comment