Manufacturer EV Rivian covers Volkswagen on a pole as Lucid overtakes Ford

Rivian’s electronics company outperformed Volkswagen in market share, while Lucid’s founders outperformed Ford, while shares in their unconfirmed businesses continued to rise according to their latest market list.

Rivian market size, freight car and van group with the help of Amazon and Ford, climbed to the top of the VW after its stock rose 15 percent to close at $ 172 on Tuesday. Rivian price has increased to $ 153bn from floating alone Last Wednesday.

VW, the world’s largest car manufacturer, made € 9.7bn last year and sold 9.3m worth of cars worldwide. Rivian, founded in 2009, has no profit margins.

Lucid, the maker of high-performance electric cars driven by former Tesla CEO Peter Rawlinson, went up 24 percent Tuesday when the company announced that its first car import had jumped to 17,000. The increase in shares led the business to make $ 91bn, $ 12bn more than Ford’s.

Lucid set a loss of $ 524m in the third quarter, the company said Monday night of its first change in the market since it wrote in the summer through various combinations.

For the same quarter, Ford also reported a $ 3bn change, down 17 percent after trade was affected by a global chip shortage.

Rivian and Lucid are the first to launch an electric car that is expected to make public declaration, testing whether it could mimic the rise of the EV Tesla pioneer, whose price has skyrocketed. more than $ 1tn last month.

Jessica Caldwell, from Edmunds data group, called the new company’s calculations “doubtful”.

“Tesla has made a lot of investors rich and now everyone wants to get a bigger role in EV,” he said. “Unfortunately, a company like Tesla doesn’t come very often and the estimates put on Rivian and Lucid are questionable, especially compared to existing car companies.”

Dan Ives, an automotive and technical analyst at Wedbush, said investors have “a great passion for these EV news, and Tesla’s more than $ 1tn market has changed the EV price structure.”

“Ford, GM and VW are still being held by investors as car names, while Lucid is being co-opted by the next Tesla,” he said.