ASSOCIATED PRESS • November 11, 2021
Tesla has amassed a market value of more than $1 trillion. So far this year it has sold around 627,300 vehicles. Rivian Automotive, a company that has delivered about 150 electric pickup trucks mostly to employees, has surpassed General Motors to become the nation’s second most valuable automaker. The California company’s market valuation Wednesday exceeded $90 billion. That’s greater than Detroit’s GM, one of the biggest auto manufacturers in the world, which sold more than 6.8 million vehicles globally last year. Investors are anticipating vast potential for Rivian with the appetite growing for electric vehicles.