Ford Ford and GM's have weathered really bad recessions but they were already established companies. Rivian shares peaked just days before or just days after it's November 2021 IPO valuing the company at 153 billion more than Volkswagen despite Rivian having zero revenue at the time. Lucid and began Lucid excuse me began trading in July 2021 equity value topped out at 91 billion in November that year.
Bloomberg News Managing Diversity Reporter Jeff Green explains how companies with little actual diversity improvement are doing what researchers call "diversity washing" to get included in more ESG-related funds and ETFs. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Consumer Reporter Deena Shanker provide the details of Deena's Businessweek Magazine cover story Fake Meat’s Hyped Burgers Became Just Another Food Fad. Bloomberg News Equity Markets Reporter Esha Dey talks about how Tesla's rout is overshadowing plunges by smaller EV makers Rivian and Lucid. And we Drive to the Close with Hank Smith, CIO of Haverford Trust.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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