Interview with Mary Barra

[Charley Lillard]

Originally Posted by JoeC

Electric-truck maker Rivian

Shares of Rivian Automotive Inc (RIVN.O) surged as much as 53% in its Nasdaq debut on Wednesday, giving the Amazon-backed electric vehicle maker a market valuation of more than $100 billion after the world's biggest initial public offering this year.

That made Rivian the second most valuable U.S. automaker after Tesla Inc (TSLA.O), which is worth $1.06 trillion. Despite just having started selling vehicles and having little revenue to report, Rivian ranked ahead of General Motors Co (GM.N) at $86.05 billion, Ford Motor Co (F.N) at $77.37 billion, and Lucid Group (LCID.O) at $65.96 billion.

I ordered a Rivian truck months ago and test drove one Wednesday. Nice truck built in Illinois. Because I ordered one I was offered to buy up to 175 shares of their stock before it went public. Bought 175 shares for 13,650.00. As of today it's worth 21,523.00. I think a big reason for the confidence in the stock is the fact that Amazon is heavily invested in them plus they ordered 100,000 electric delivery vehicles from them.

[Lee Stewart]

Six Major Automakers Agree to End Gas Car Sales Globally by 2040

Ford, GM, Mercedes-Benz, and others, along with 30 nations, signed a pledge to eliminate sales of new gas and diesel-powered cars by 2035 in “leading markets.”

https://www.caranddriver.com/news/a3...kets.%E2%80%9D

[70 copo]

History is instructive: In economics we studied the "Dutch Tulip Bulb Market Bubble" and its associated mania.

Lets all believe that Rivian,- with one single factory in one location, with a yet unproven product that just started selling vehicles is worth more then the entire valuation of Ford?

Exactly what we were told in school to keep a sharp eye out for... but I need to wonder perhaps to have a market cap today you do not have to have a tangible asset inventory or an established market segment?

If not then that gentlemen is the very definition of a "rigged game" where the whales select a technology and a company and bets on it simply because the political class and the FED shapes the market artificially through "green spending" and in the case of Rivian - Amazon promises of future purchases.

HINT-HINT... the US ARMY is reportedly looking at the NEW GM HUMMER EV for a big buy to replace the existing HUMVEE.

[Lee Stewart]

Originally Posted by 70 copo

History is instructive: In economics we studied the "Dutch Tulip Bulb Market Bubble" and its associated mania.

Lets all believe that Rivian,- with one single factory in one location, with a yet unproven product that just started selling vehicles is worth more then the entire valuation of Ford?

Exactly what we were told in school to keep a sharp eye out for... but I need to wonder perhaps to have a market cap today you do not have to have a tangible asset inventory or an established market segment?

If not then that gentlemen is the very definition of a "rigged game" where the whales select a technology and a company and bets on it simply because the political class and the FED shapes the market artificially through "green spending" and in the case of Rivian - Amazon promises of future purchases.

HINT-HINT... the US ARMY is reportedly looking at the NEW GM HUMMER EV for a big buy to replace the existing HUMVEE.

You need to understand stock prices and market caps. They are more focused on the future than the present. That's how an EV Truck startup like Rivian has a bigger Market Cap than Ford. Rivian is doing something that Ford wants to do, has to do and will cost them tens of billions of dollars to accomplish.

[Crush]

Originally Posted by 70 copo

History is instructive: In economics we studied the "Dutch Tulip Bulb Market Bubble" and its associated mania.

Lets all believe that Rivian,- with one single factory in one location, with a yet unproven product that just started selling vehicles is worth more then the entire valuation of Ford?

Exactly what we were told in school to keep a sharp eye out for... but I need to wonder perhaps to have a market cap today you do not have to have a tangible asset inventory or an established market segment?

If not then that gentlemen is the very definition of a "rigged game" where the whales select a technology and a company and bets on it simply because the political class and the FED shapes the market artificially through "green spending" and in the case of Rivian - Amazon promises of future purchases.

HINT-HINT... the US ARMY is reportedly looking at the NEW GM HUMMER EV for a big buy to replace the existing HUMVEE.

Tesla market cap has been disjointed since inception. At 1T it is bigger then the next 6 auto companies combined but produces less units! Valuation has changed For sure. I think part of what drives the Rivian stock early on is FOMO, Myself included. I have owned Tesla and sold it several times over the years and every time I sell it I tell myself I should’ve held onto it.

[olredalert]

----I really wonder how well an electric Hummer will work out in the field. Just carry a gas powered generator around with them?.....Bill S

[Lee Stewart]

Originally Posted by olredalert

----I really wonder how well an electric Hummer will work out in the field. Just carry a gas powered generator around with them?.....Bill S

[70 copo]

You guys read Market insider?

The market is responding in a strange way to this IPO.

Good opinion here which I agree with:

https://markets.businessinsider.com/...n-2021-11?op=1

[AnthonyS]

^ cool. I’ve been looking but haven’t seen one yet myself.

[markinnaples]

Wow, a little rational thought about the swap to EV's:

https://www.foxnews.com/auto/ford-ce...-electric-cars