Rivian’s Rally Makes No Sense—Unless It Raises Cash

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Shares of EV startup Rivian are on pace for a record-breaking rally. And as Heard on the Street’s StephenWilmot explains, it comes on the heels of Tesla’s stock gains. WSJWhatsNow

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Shares in the electric-vehicle startup are on track for a record-breaking streak of gains that it could exploit to shore up its balance sheetRivian is under pressure to prove it can build its electric trucks at scale without having ramped up production before, as competition heats up from legacy auto makers. WSJ toured Rivian’s and Ford’s EV factories to see how they are pushing to meet demand. Illustration: Adam FalkDow Jones & Company, Inc. All Rights Reserved.

 

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