Tesla

Rivian prices shares at $78 in highly anticipated IPO

Rivian Automotive Inc. priced its highly anticipated initial public offering at $78 a share, well above its raised expectations, valuing the electric-vehicle maker at more than $77 billion on a fully diluted basis, according to a person familiar with the matter.

Biden hypes $1T bill impact on electric cars

Boasting about his $1 trillion infrastructure package, President Joe Biden overstated its reach by claiming it would result in 500,000 electric vehicle charging stations and meet his pledge to nudge half of U.S. drivers into EVs by decade’s end.