Marketplace®

Daily business news and economic stories
Episode 558Nov 12, 2021

Making sense of Rivian’s valuation

The truth is, it doesn’t.

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Amazon says it will order 100,000 electric delivery vans from Rivian.
Amazon says it will order 100,000 electric delivery vans from Rivian.

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Electric truck startup Rivian made its debut in the public markets. It’s sold less than 200 vehicles, so how could the company be valued at $86 billion, more than Ford and almost the same amount at GM? We’ll explain what’s really going on in the EV market. Plus, a true hollowed-out shell of story about our climate and why COP26, the United Nations conference, probably won’t help much. Also, Iceland trolls Mark Zuckerberg, and we’re here for it!

Here’s everything we talked about today:

Read the transcript here.

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The Team