2 ms·

A bit of irony in history: https://news.ycombinator.com/item?id=29247594 https://news.ycombinator.com/item?id=29247594 EV maker Rivian eclipses Volkswagen in v

• oblio 2y ago
  Those valuations didn't make any sense. Even Tesla's valuation still doesn't. Tesla is still valued at 2x Toyota: https://companiesmarketcap.com/automakers/largest-automakers-by-market-cap/ https://companiesmarketcap.com/automakers/largest-automakers... and then at least 5-10x what companies that actually make a lot of cars are valued. Tesla should probably be valued at something like #3 or #4, their market value needs to crater by at least 50%, more like 80%, to reflect their real long term standing.