Irvine’s Rivian leads EV slump as investors shun the money-losing startup
By Esha Dey | Bloomberg Even a breakthrough US climate bill designed to encourage sales of electric cars has failed to revive investor interest in Rivian Automotive Inc., as the risk-hungry traders who catapulted its shares to dizzying heights last year shun companies for whom profitability is still years away. In a year that has…
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