odanny
Diamond Member
Rivian just had its IPO, and it's presently trading at $122. That's not what is bizarre, what is bizarre is the valuation of the company. I've been watching this closely and its value has bounced between 76 billion and, according to this latest story, 116 billion. For context, Ford is valued at 80 billion, and sells a million cars a year. Rivian has sold 50. I believe their value is wildly inflated, but they are a success story in the making, on this I have no doubt. I also personally know people who work there.
And here is why Wall St. is so bullish on Rivian:
Does this make sense? Traders have grappled with Tesla’s stratospheric valuation for years. Many investing pros who bet that Tesla was overvalued crashed and burned as the stock soared beyond almost anybody’s best guess. The market now seems to view Rivian as a Tesla-in-the-making, especially since it already has backing from Amazon and Ford. By focusing on sport pickups and delivery vans, Rivian has one foot in consumer vehicles and the other in commercial applications, a shrewd mix that lets the company spread its bets on a trend that is already a revolution in ground transportation.
The revolution has begun, my friends. The horse and buggy crowd will shriek in agony, much like a dinosaur slowly sinking into extinction.
And here is why Wall St. is so bullish on Rivian:
Does this make sense? Traders have grappled with Tesla’s stratospheric valuation for years. Many investing pros who bet that Tesla was overvalued crashed and burned as the stock soared beyond almost anybody’s best guess. The market now seems to view Rivian as a Tesla-in-the-making, especially since it already has backing from Amazon and Ford. By focusing on sport pickups and delivery vans, Rivian has one foot in consumer vehicles and the other in commercial applications, a shrewd mix that lets the company spread its bets on a trend that is already a revolution in ground transportation.
The revolution has begun, my friends. The horse and buggy crowd will shriek in agony, much like a dinosaur slowly sinking into extinction.
Rivian Automotive, Inc. (RIVN) Stock Price, News, Quote & History - Yahoo Finance
Find the latest Rivian Automotive, Inc. (RIVN) stock quote, history, news and other vital information to help you with your stock trading and investing.
finance.yahoo.com
It’s bizarro world in the auto industry, again
Another electric startup, Rivian, has roared into the market with no sales but a higher valuation than Ford and GM.
finance.yahoo.com