Quote:
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.
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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.