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Photo: Igor Golovniov/SOPA Images/LightRocket via Getty Images

Here are two numbers that say a lot about how investors view two key electric vehicle startups: $232,000 and $89 billion.

Driving the news: That's luxury EV startup Lucid Motors Q3 revenue and its market capitalization at yesterday's close of trading.

  • Lucid, which just began deliveries, has zoomed past Ford's market cap and matched General Motors.
  • Meanwhile, EV startup Rivian, which just went public last week, has a stunning market cap of roughly $150 billion after yesterday's latest gains.

Why it matters: The eye-popping valuations signal how investors see the potential for huge EV market growth, and how those two startups may be well-poised.

  • Lucid's team includes several Tesla veterans, and its Lucid Air just won Motor Trend's car of the year.
  • The Amazon- and Ford-backed Rivian, which just recently began deliveries of its pickup, also has a foothold in the growing market for electric delivery vehicles thanks to its large contract with Amazon.

Yes, but: “Unfortunately, a company like Tesla doesn’t come along very often and the valuations placed on Rivian and Lucid are questionable, particularly in comparison to the existing automotive companies," Edmunds analyst Jessica Caldwell tells the Financial Times.

Go deeper

Updated Nov 27, 2021 - Energy & Environment

Pity the "green" car buyer

Expand chart
Data: IHS Markit Data; Note: Chart: Thomas Oide/Axios

Americans are more open than ever to trading in their gas cars for electrified vehicles — but they're flummoxed by the confusing array of green options arriving in showrooms.

Why it matters: Getting up to speed on the differences among hybrids, plug-in hybrids and battery-electric vehicles will be a challenge for car buyers — and salespeople, too — as we transition away from gas-powered vehicles over the next decade.

The everything shipper

Illustration: Aïda Amer/Axios

Amazon is inching closer to being able to send you everything, from any store.

Driving the news: The company’s CEO of worldwide consumer business, Dave Clark, told CNBC this week that Amazon will “probably be the largest package delivery carrier in the U.S.” by early 2022 if not the end of this year.

Updated 50 mins ago - Health

Massage, facial, pedicure... intravenous drip?

A salon on the Upper East Side of New York that offers IV drip therapies. Photo: Jennifer A. Kingson/Axios

IV drips — the kind you might get if you're rushed to the hospital — are trending as a spa treatment, thanks in part to endorsements by celebrities like Kim Kardashian and Madonna.

Why it matters: Like other "wellness" trends with a whiff of medical imprimatur, IV nutrient drips can be harmless or mildly restorative — or go awry, particularly in the wrong hands.