I’m guessing you’re looking at market cap and not enterprise value when you are comparing Rivian to Ford. Market cap is about supply and demand based on a very

I’m guessing you’re looking at market cap and not enterprise value when you are comparing Rivian to Ford. Market cap is about supply and demand based on a very limited number of shares changing hands, don’t confuse it with an actual company value. Ford is no more profitable on its EV investment than Rivian. They just have a massive balance sheet to hide the R&D expenditures. The way that Rivian competes is by making a better product. Versus Ford, GM, VW etc. that’s not really asking very much. There’s plenty of room in the market if their product is awesome. Mostly, IMO, that will come down to software expertise.