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They have zero revenue because they haven’t shipped any vehicles yet which should start soon. They spent $1b to build factories and cars. Maybe I should buy whe
by reilly3000 5y ago
They have zero revenue because they haven’t shipped any vehicles yet which should start soon. They spent $1b to build factories and cars. Maybe I should buy when their stock opens if lots of people are missing this bit.
- bink 5y agoI'm not placing any bets on whether they'll succeed. But if they have roughly 50k pre-orders at ~$70k/each that's $3.5 billion in revenue. And while I'm sure not everyone who pre-ordered will actually make a purchase, there are still a ton of people who aren't aware Rivian exists who can fill that gap. And that's excluding Amazon's orders which they expect to make up most of their revenue.
- deleted 5y ago[deleted]
- manquer 5y agoSo Pre-revenue and Pre-Production and yet command $80 Billion valuation into an IPO. That is all good in the VC/PE world were investors have resources to evaluate and access to a lot of confidential data when evaluating a target. For retail investors like you and me, that is a enormous risk, neither have we the average investor the time or knowledge/skill and access to critical information to meaningfully evaluate this early stage company. There is lot of steps and risk from selling to your key investor to the entire market and to scale production to hundreds of thousands of units a year this valuation seems to have already priced in at negligible/zero .