Didn’t Rivian just get de-listed from the Nasdaq because their stock price was too low?
Why is the government still throwing money at them?
because it’s much easier to launder money when your stock is listed on the Pink Sheets
No that’s a different EV company. Rivian makes standard size EVs and pickups on the same frame. Last year sold about 50,000 Vehicles. They have a lot of cash but are burning through it - 50,000 is not enough and they have a lot of start up costs. If they had Tesla technology they might sell better but I don’t see a merger in their future - maybe, maybe some licensing for full self drive technology.
They are not cheap trucks either. Quite pricey in fact.
That would Fisker Automotive.....and LordsTown automotive....two EV companies delisted in the last year.
Why is the government still throwing money at them?
Because they can’ control the addiction for spending tax payers money. It isn’t theirs, so why should they care? Ignorant people vote for them anyway.
Not exactly.
They were dropped from the Nasdaq-100.
No that was Fisker. Riven is doing fine around $10 a share
It was dropped from the NASDAQ-100 but it has not been de-listed as in pink sheets.