Is Rivian a Good Long-Term Investment?
The market cap needs to drop, but it's looking a bit more appealing.
Starting an automobile manufacturing company is hard in normal times, but at the onset of the EV pivot, it might be the best time logistically in the history of the smart car to do it.
With the revelation that George Soros bet big on Rivian ($2 Billion), and with a super client like Amazon and twice the funding of Lucid Motors, Rivian is highly likely to take some marketshare in America away from the likes of Ford and GM in the decade ahead.
Billionaire investor George Soros bought nearly 20 million shares of electric truck startup Rivian Automotive Inc in the quarter ended Dec. 31, securities filings showed Friday.
As Rivian’s IPO price continues to plummet, it’s market cap is still absurdly speculative. At what price is the stock at fair intrinsic value and is the stock worth owning in an EV bubble, in the middle of an equity bubble which makes no sense compared with what guidance systems about declining corporate earnings in the years ahead?
What follows is for Stock Quest premium members.
Keep reading with a 7-day free trial
Subscribe to Emerging Tech Investments to keep reading this post and get 7 days of free access to the full post archives.