GM’s gains come as shares of newly public electric vehicle start-ups Rivian and Lucid lost steam following extraordinary runups in the past week or so.
DETROIT – General Motors is steadily approaching a $100 billion market valuation after shares of the automaker reached a record high on Wednesday. GM’s gains come as shares of newly public electric vehicle start-ups Rivian and Lucid Group, which briefly surpassed GM in market cap Wednesday, lost steam following extraordinary double-digit runups in the past week.
