Current Events > Rivian, with $0 in revenue, is now the third most valuable carmaker

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Lebronwon 11/16/21 2:28:48 PM #1:	https://www.cnn.com/2021/11/16/cars/rivian-value-tesla-toyota-vw/index.html Rivian, a 12-year-old startup that's never sold a single vehicle, is now the third most valuable carmaker in the world. The electric vehicle maker has been public for all of one week, but its share price has more than doubled in that time, valuing Rivian at more than $140 billion just ahead of Volkswagen ($139 billion), and in third place behind Toyota ($306 billion) and Tesla ($1 trillion). On Tuesday, the stock opened 6% higher, at about $159 a share. When the company debuted last week, it priced its shares at $78. Even though Rivian hasn't brought any of its electric trucks to market, it's ginned up major investor interest with prominent backing from Amazon, which bought a 20% stake in 2019, and Ford (F). Jeff Bezos is a big fan, and has been seen shuttling his fellow space explorers to and from Blue Origin's West Texas launch site in Rivian's signature truck. Electric vehicle hype is nothing new many analysts, and even Tesla's own founder Elon Musk, have argued that its Tesla's valuation is overinflated. But its stock keeps climbing as Wall Street envisions a future in which all-electric vehicles are the norm. Under President Joe Biden's $1.2 trillion infrastructure plan, signed into law Monday, about $7.5 billion is being set aside to build a nationwide network of plug-in electric vehicle chargers. Investors who may have missed out on Tesla a decade ago aren't keen to miss out on another hot EV pioneer. Rivian also boasts a potential edge over Tesla in the US market, in part because it's angling for the non-Tesla, or even anti-Tesla, crowd. Rivian's primary product is not just any EV it's a pickup truck. That's important in the US market, given that the top three most popular vehicles in the US are the Ford F-150, the Chevy Silverado and the Ram, in that order, according to Edmunds research. --- Not 1, not 2, not 3, not 4, not 5, not 6, not 7 <cite>Lebronwon posted [p:960055607] in Rivian, wi... [t:79762681]...</cite> <quote>https://www.cnn.com/2021/11/16/cars/rivian-value-tesla-toyota-vw/index.html Rivian, a 12-year-old startup that's never sold a single vehicle, is now the third most valuable carmaker in the world. The electric vehicle maker has been public for all of one week, but its share price has more than doubled in that time, valuing Rivian at more than $140 billion just ahead of Volkswagen ($139 billion), and in third place behind Toyota ($306 billion) and Tesla ($1 trillion). On Tuesday, the stock opened 6% higher, at about $159 a share. When the company debuted last week, it priced its shares at $78. Even though Rivian hasn't brought any of its electric trucks to market, it's ginned up major investor interest with prominent backing from Amazon, which bought a 20% stake in 2019, and Ford (F). Jeff Bezos is a big fan, and has been seen shuttling his fellow space explorers to and from Blue Origin's West Texas launch site in Rivian's signature truck. Electric vehicle hype is nothing new many analysts, and even Tesla's own founder Elon Musk, have argued that its Tesla's valuation is overinflated. But its stock keeps climbing as Wall Street envisions a future in which all-electric vehicles are the norm. Under President Joe Biden's $1.2 trillion infrastructure plan, signed into law Monday, about $7.5 billion is being set aside to build a nationwide network of plug-in electric vehicle chargers. Investors who may have missed out on Tesla a decade ago aren't keen to miss out on another hot EV pioneer. Rivian also boasts a potential edge over Tesla in the US market, in part because it's angling for the non-Tesla, or even anti-Tesla, crowd. Rivian's primary product is not just any EV it's a pickup truck. That's important in the US market, given that the top three most popular vehicles in the US are the Ford F-150, the Chevy Silverado and the Ram, in that order, according to Edmunds research. </quote> ... Copied to Clipboard!
Squall28 11/16/21 2:30:14 PM #2:	The amount of speculation in the market is ridiculous right now. --- You can't go back and change the beginning, but you can start where you are and change the ending. -Misattributed to CS Lewis <cite>Squall28 posted [p:960055645] in Rivian, wi... [t:79762681]...</cite> <quote>The amount of speculation in the market is ridiculous right now. </quote> ... Copied to Clipboard!
Alucard188 11/16/21 2:31:12 PM #3:	Rich people play the stock market like Mafia do money laundering. How can you be a publicly traded company on an idea and no actual stock? --- Face it Cloud is a gaming icon and has appered in lots of games while mario has only appeared in 2 games sunshine and 64~xSlashbomBx <cite>Alucard188 posted [p:960055672] in Rivian, wi... [t:79762681]...</cite> <quote>Rich people play the stock market like Mafia do money laundering. How can you be a publicly traded company on an idea and no actual stock? </quote> ... Copied to Clipboard!
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Current Events > Rivian, with $0 in revenue, is now the third most valuable carmaker (+) Yeah! (+)

Current Events > Rivian, with $0 in revenue, is now the third most valuable carmaker