3 ms·

It's obvious. Nothing is more profitable than a new business in an extremely competitive and cutthroat industry with entrenched players, that also requires very

It's obvious. Nothing is more profitable than a new business in an extremely competitive and cutthroat industry with entrenched players, that also requires very high levels of annual CapEx spend simply to sustain production.

dragontamer 5y ago
And one of those entrenched players (Ford) owns 13% of Rivian. Oy, this market is going all topsie-turnie right now. Ford's singular, biggest asset is its stake in Rivian for crying out loud. And with a Market cap of only 80 Billion or so, Ford is smaller than Rivian at these valuations.
- mistrial9 5y ago
  perhaps its crazy - but, the money is flowing towards the future, not the past. Ford Motor Company has not been a winner in the last 20 years, while Tesla has attracted new money.
  - dragontamer 5y ago
    Ford is up this year more than Tesla is actually. I'm betting their partnership with Rivian is a big part of that. EDIT: Year-to-date YTD at least. I thought F was up more than Tesla in 52-week but I was mistaken. Still though, you can see that the F ticker has skyrocketed with this strategy, despite the obvious headwinds of "Ford doesn't have enough chips to even make their allotted cars this year". Like, I get it. Its a strategy for Ford / Amazon to be "hip" and "cool" by supporting Rivian and participating in this hype. Its stupid but it seems like its working, for F's stock to go up so much despite all of the manufacturing issues they had (idle factories / layoffs), is just how stupid this market is right now. There's so much stupid in the market these days that its hard to keep up.
- baq 5y ago
  bought ford today, the cheapest way to own rivian.
- mrep 5y ago
  But they are different types of companies, Rivian is a car company and Ford is a pension and healthcare company that also makes cars. Only half joking.

3 ms·

It's obvious. Nothing is more profitable than a new business in an extremely competitive and cutthroat industry with entrenched players, that also requires very

by missedthecue 5y ago

dragontamer 5y ago
And one of those entrenched players (Ford) owns 13% of Rivian. Oy, this market is going all topsie-turnie right now. Ford's singular, biggest asset is its stake in Rivian for crying out loud. And with a Market cap of only 80 Billion or so, Ford is smaller than Rivian at these valuations.
- mistrial9 5y ago
  perhaps its crazy - but, the money is flowing towards the future, not the past. Ford Motor Company has not been a winner in the last 20 years, while Tesla has attracted new money.
  - dragontamer 5y ago
    Ford is up this year more than Tesla is actually. I'm betting their partnership with Rivian is a big part of that. EDIT: Year-to-date YTD at least. I thought F was up more than Tesla in 52-week but I was mistaken. Still though, you can see that the F ticker has skyrocketed with this strategy, despite the obvious headwinds of "Ford doesn't have enough chips to even make their allotted cars this year". Like, I get it. Its a strategy for Ford / Amazon to be "hip" and "cool" by supporting Rivian and participating in this hype. Its stupid but it seems like its working, for F's stock to go up so much despite all of the manufacturing issues they had (idle factories / layoffs), is just how stupid this market is right now. There's so much stupid in the market these days that its hard to keep up.
- baq 5y ago
  bought ford today, the cheapest way to own rivian.
- mrep 5y ago
  But they are different types of companies, Rivian is a car company and Ford is a pension and healthcare company that also makes cars. Only half joking.