Valuation is on potential, but I agree with sentiment. They will get mass production up and running over the next 2 years. Whether there will be demand then or

Valuation is on potential, but I agree with sentiment. They will get mass production up and running over the next 2 years. Whether there will be demand then or not is unclear to me. I think people are underestimating the extent to which the electric F-150 will eat up the demand in the market for Rivian mass market products. So to me, it feels like the bet is their commercial fleet business (Amazon) will grow rapidly and be highly valuable, which given Amazon's 20% stake, seems like a reasonable bet. I don't personally think that's 100Bn mkt cap, but that's why I won't be buying in unless the outlook changes.