How Rivian Went From Tesla Killer to “Bad Episode Out of the Twilight Zone”

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By Alex Lauer When the electric vehicle company Rivian was eyeing a stock market debut back in September, Reuters reported they were aiming to raise between $5 and $8 billion. When the EV maker followed through with its initial public offering in November, it significantly beat expectations, raising about $12 billion in the country’s “biggest IPO since Facebook.” It seemed we had found a legitimate “Tesla killer.” Four months later, that “Tesla killer” has turned into “a bad episode out of the Twilight Zone for the Street,” according to Wedbush Managing Director of Equity Research Dan Ives, as…

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