Description: Rivian Automotive Inc.’s market valuation is already nearly double that of Ford Motor Co. and zoomed past General Motors Co. a week into the electric-vehicle startup’s life as a public company, while rival Lucid Motors’ market value closed in on GM’s and topped Ford’s on Tuesday, underscoring investors’ appetite for EV makers and the hunt for the next Tesla Inc.
Date: Nov 17, 2021
Questions for discussion:
- Do you think these valuations make sense from a fundamentals point of view?
- How should investors look at this emerging field of competitors?