RivianThe stock continued to rise less than a week following the company’s IPO, which was one of the largest of the year. Stock was up by more than 6 percent in morning trading Tuesday, and over 20% for the week.

This is a signal that investors remain bullish about the market. TeslaCompetitors are backed AmazonAnd Ford.

Rivian traded at $106.75 a share its Nov. 10th trading day. It was trading at $106.75 per share on its first trading day, Nov. 10. worth more than traditional automakersFord is a great example of this. General Motors.

Amazon already has 100,000 Rivian cars ordered to be delivered in 2030.

Rivian already beat Tesla, GM and Ford with the first fully electric pickup, the R1T, on the market. Reuters published a July report that Rivian had been planning to invest $5 billionIn a second assembly facility. Rivian stated that the current Illinois plant can make up to 150,000 cars per year.

As more people adopt electric cars, the demand for them continues to grow. President Joe Biden’s latest infrastructure package, signed Monday by the president, outlines billions in funding for the development of EV charging infrastructure.