a reverse merger like the other ev startups but an actual ipo just like tesla did back in NUMBER_TOKEN but in a much more epic way wow an all-electric car company that's not tesla from which i can buy stock shares and actual vehicles what's next rivien not having your vehicles spontaneously catch on fire the ipo is also bringing in almost NUMBER_TOKEN billion dollars in cash more than doubling everything that they have raised before from huge investors like amazon ford and other power players that's a lot of money but now raven can buy itself something pretty like a nice watch or a fancy second factory either is going to look great on them rivien became america's biggest initial public offering since facebook but that's not very surprising because much like facebook rivian's product was also designed to drag people through the mud and it is also the sixth largest ipo ever on the us stock exchange there were a lot of interesting reactions to this ipo so let's talk about a couple of them of course elon musk had to chime in i'll tell you what he said in just a second but before that a quick reminder that this video is brought to you by flow who said home chargers can't be sexy with its elegant design the flow home xNUMBER_TOKEN features beautiful curves sturdy NUMBER_TOKEN aluminum casting and plenty of cord length give your garage some sex appeal by using our exclusive NUMBER_TOKEN discount in the description of this video and by new charge avoid arguing with your landlord about installing an electric car charger just plug in your smart splitter from new charge at your current rental and take it with you when you move get yours by using our discount code in the description of this video so elon musk has tweeted in a response to rivian's ipo to point out that mass production and profitability is the big test for rivian and that he hopes they achieve it i'm assuming it's because elon wants to make sure riven has enough cash to pay tesla if they win a lawsuit that tesla has filed against riven claiming that riven has stolen its trade secrets by hiring tesla's former employees what trade secrets how to bring the very first electric truck to market that's not it where the fourth motor goes that's not the i know it's how to showcase the features they can never deliver now it makes sense the other interesting reaction to rivien's ipo came from the ceo of general motors miribara who pointed out that the logical conclusion based on rivien's ipo was that the general motors is and i quote so undervalued well see mary if i may ribbian has two electric vehicles in production right now and you guys have none since your bolt production is still on hold plus let's also remember that rivien is making more ev models now than they used to and you're making less remember the spark and the vault that you've discontinued and replaced them with what i deal with nicola originally arabian was founded NUMBER_TOKEN years ago and was operating in a stealth mode for about nine of them rivien's founder and ceo rj skrinch initially wanted to make an electric sports
START_SPONSOR_TOKEN before that a quick reminder that this video is brought to you by flow who said home chargers can't be sexy with its elegant design the flow home xNUMBER_TOKEN features beautiful curves sturdy NUMBER_TOKEN aluminum casting and plenty of cord length give your garage some sex appeal by using our exclusive NUMBER_TOKEN discount in the description of this video and by new charge avoid arguing with your landlord about installing an electric car charger just plug in your smart splitter from new charge at your current rental and take it with you when you move get yours by using our discount code in the description of this video END_SPONSOR_TOKEN