No fact denying that Tesla is one of the biggest cars in the world and also in the United States. Every of the American dream is to own a Tesla car. Coming to us today, Buzzy EV has picked up the spot in becoming the second biggest car by market value in the United States. Rivian which is a very popular American electric vehicle automaker company for the past month delivered most of its amazing new electric pickup trucks. But recently the company has had a high profit with a 22% spike in its share price. This makes it the second most valuable United States automaker after Elon Musk’s Tesla.
On Thursday, during the Nasdaq trading, Irvine share jumps from $22.26 to a close range of $122.99. the huge increase turns its market cap to $120.5 billion whereby surpassing General Motors which is at $89.8 billion and also Ford at $78.1 billion. Companies selling millions of cars and truck around the world has a wide range of factories and hundreds of thousands of people for operation. However, it is only Tesla that sells a little portion of what GM and Ford sell.
More from Forbes Advisor on Buzzy EV
Rivian’s IPO is currently the biggest in the United States since Facebook 2012 IPO, raising about $12 billion into its capital for a company that has made name for itself as the best-funded electric vehicle in the United States. The company has of about $11 billion from well reputable companies that include Amazon, Ford, Cox Automotive, and also T. Rowe Price.
CEO RJ Scaringe, the company founder showcase excitement over the huge increase of the Buzzy EV. According to reports, Tesla sales fell 0.4% to $1,063 in Nasdaq trading. But the fact still remains that Tesla is still the biggest car in the world. Currently, I don’t think any car will be able to surpass Tesla, probably in the nearest future.