Rivian Wipeout After Breathless Rally May Mean $15 Billion of Lost Value

Axios

Investors shower love on Rivian and Lucid

Here are two numbers that say a lot about how investors view two key electric vehicle startups: $232,000 and $89 billion.Driving the news: That’s luxury EV startup Lucid Motors Q3 revenue and its market capitalization at yesterday’s close of trading.Stay on top of the latest market trends and economic insights with Axios Markets. Subscribe for freeLucid, which just began deliveries, has zoomed past Ford’s market cap and matched General Motors.Meanwhile, EV startup Rivian, which just went public