Interview with Mary Barra

[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.