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Tesla's sparkle benefits a myriad of startups

2021-08-30T18:53:36.747Z


They are called Rivian, Nikola, Lucid, Lordstown and have raised billions of dollars. Tesla's spectacular run on the stock market - the company is worth $ 718 billion! - brought in its wake a surge in the valuations of companies manufacturing electric vehicles in the United States. So much so that some speak of a bubble . In recent months, many designers of pick-ups, SUVs, trucks, all of which run on batteries, have managed to raise tens of billions of dollars, without having produ


Tesla's spectacular run on the stock market - the company is worth $ 718 billion!

- brought in its wake a surge in the valuations of companies manufacturing electric vehicles in the United States.

So much so that some speak of a bubble

.

In recent months, many designers of pick-ups, SUVs, trucks, all of which run on batteries, have managed to raise tens of billions of dollars, without having produced vehicles in series.

Raising money from investment funds or companies, going public, using Spac… Access to capital takes various paths.

Read also

Tesla opens its charging stations to its rivals

Robert Scaringe, the founder of Rivian, a start-up created in 2009, said last week that he had submitted his proposed IPO to Wall Street, without giving details on the timetable.

He hopes to reach a valuation of 70 to 80 billion dollars, that is to say as much or more than General Motors, the first automaker in the United States, which capitalizes

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Source: lefigaro

All business articles on 2021-08-30

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