Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)

Is Rivian the Next Tesla?

Authors
Jiaxuan Wen1, *
1Department of Management and Finance, University of Toronto Scarborough, Toronto, M1H 3K2, Canada
*Corresponding author. Email: jiaxuan.wen@mail.utoronto.ca
Corresponding Author
Jiaxuan Wen
Available Online 26 March 2022.
DOI
https://doi.org/10.2991/aebmr.k.220307.453How to use a DOI?
Keywords
Rivian; Electric vehicles; Eco-innovation; Electric pickup truck
Abstract

Rivian, an American maker of electric pickups, went public on The Nasdaq on November 10, 2021, pricing at $78 and raising $12 billion. The IPO rose 29.14% on its first day, with a market value of more than $80 billion, making it the world’s seventh largest automaker. A week later it overtook Volkswagen to become the world’s third-largest carmaker, with a market capitalisation of $151.9 billion. For a car company that has not yet begun to deliver on a large scale, this is undoubtedly an exaggeration. Based on the listing experience of Rivian, this paper aims to expand and analyze how electric vehicles have become the general trend, and what advantages and disadvantages they have compared with traditional fuel vehicles. And Rivian, as the electric car company most likely to replicate Tesla’s legendary experience, has an advantage over other companies, and what its future should be.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Download article (PDF)

Volume Title
Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
26 March 2022
ISBN
978-94-6239-554-1
ISSN
2352-5428
DOI
https://doi.org/10.2991/aebmr.k.220307.453How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Jiaxuan Wen
PY  - 2022
DA  - 2022/03/26
TI  - Is Rivian the Next Tesla?
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 2781
EP  - 2785
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.453
DO  - https://doi.org/10.2991/aebmr.k.220307.453
ID  - Wen2022
ER  -