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Tesla Stock Jumps On Plaid Prospects In China; Rivian Stock Drops On Battery Issue | Investor's Business Daily

November 23, 2021
Source: investors.com investors.com
News Snapshot:
Tesla ( TSLA ) stock rallied after CEO Elon Musk tweeted that the Model S Plaid may launch in China as early as March. Meanwhile, recent IPO Rivian ( RIVN ) sank on reports of subpar battery performance in its electric delivery vans. X On Sunday night, Musk — when asked when the luxury sedan would be available in China — tweeted, "Probably around March." Tesla launched the Plaid in June 2021. The 520-mile range car can notch 200 miles per hour and retails for a reported $129,990. For Tesla, the Chinese market remains key to its success. Wedbush analyst...
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