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I like the new Rivian truck, but they only have a few factories and sold a few cars. I just can't understand how its even 10% market value of Tesla.
by nowherebeen 5y ago
I like the new Rivian truck, but they only have a few factories and sold a few cars. I just can't understand how its even 10% market value of Tesla.
- pcurve 5y agoagreed, and truck buyers are notoriously loyal to their brands especially in higher-priced segment. I like their SUV https://rivian.com/r1s https://rivian.com/r1s but it's $75k. At least Tesla has other side businesses going for it, but I even question TSLA long term valuation. I guess investors are thinking they will gradually transition into IP and software technology company, like Android. And let car mfrs fight over the hardware space.
- georgeburdell 5y ago>I like their SUV https://rivian.com/r1s https://rivian.com/r1s but it's $75k. $75k is $20k cheaper than the Model X, doesn't have the silly doors, and has a 3rd row option that adults can sit in. R1S will sell like hotcakes to eco-minded soccer moms. And, there is no competition in sight from any other manufacturer (electric hummer doesn't have the 3rd row option)
- asdff 5y agoI can't understand how tesla is 10x the market value of ford. they build their cars in a tent. ford has manufacturing facilities across the globe.