Shares of the American Electromobile Rivian Automotive company, which is called Tesla’s competitor, collapsed three percent. This is evidenced by trading data. The cost of securities dropped at a premium to 78.88 dollars per piece.
This happened due to the fact that the company’s chief operating officer resigned, writes Bloomberg. Rod Copec, who occupied this position from March 2020, went in December.
In the statement of Rivian it is said that he “began phased out of the company several months ago.” Last year, Tesla’s competitor produced 1015 cars and delivered 920 cars.
In November, Rivian entered the IPO, by the middle of the month, the company’s capitalization reached $ 153 billion. Thus, the company entered the top three expensive automakers of the world, praying for its competitors Tesla and Toyota. However, a few weeks later, Rivian shares collapsed.