Rivian Shares Rise in Post IPO Rally

Rivian is already at its maximum annual IPO in the first week with the continuous rise in its stocks. Rivian was initially priced higher than Ford and Amazon, but after some time it rose above the stock of other companies. Amazon has set a target of distributing thousands of Rivian vehicles by 2030, with planning to deliver 10,000 vehicles per year. Rivian is being seen as a rival to the Electric Car manufacturer, Tesla. Rivian is currently among the leading companies for electric vehicles.