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Electric automaker Rivian valuation pops above GM, Ford in the biggest IPO of 2021
Tech Crunch ^ | 11/11/2021 | Kristen Korosec

Posted on 11/11/2021 9:45:01 AM PST by SeekAndFind

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To: SeekAndFind

They make no money and hardly any vehicles yet are valued more then huge companies that do.
It is a wonder that the stock market doesn’t collapse more often.


21 posted on 11/11/2021 10:54:03 AM PST by minnesota_bound (I need more money. )
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To: GaltAdonis

#18 It looks like something the British would build in the 1960’s.


22 posted on 11/11/2021 10:57:36 AM PST by minnesota_bound (I need more money. )
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To: minnesota_bound
...It looks like something the British would build in the 1960’s....

LOL!

Here's one:


23 posted on 11/11/2021 11:13:37 AM PST by GaltAdonis
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To: ctdonath2

Nobody ever went broke underestimating the stupidity of the American people.


24 posted on 11/11/2021 11:34:19 AM PST by Don Corleone (leave the gun, take the canolis)
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To: traderrob6

Saturn was always part of GM, it was never an IPO.


25 posted on 11/11/2021 11:37:17 AM PST by nascarnation (Let's Go Brandon!)
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To: GaltAdonis

How does anything like that terrible looking get approved to build?


26 posted on 11/11/2021 11:47:40 AM PST by minnesota_bound (I need more money. )
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To: nascarnation

Saturn was run like a completely separate and distinct company though and Ford has a major league stake in Rivian....My point was that Saturn was a long duration disaster as I suspect Rivian will be.


27 posted on 11/11/2021 12:34:18 PM PST by traderrob6
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To: Menehune56
To me, there’s also a large risk that crypto is a bubble. To evaluate Bitcoin as the 6th largest currency is fake if everyone sold it. Look at how Tesla went down when Musk sold a few billion dollars worth of shares.

On the other hand, if bitcoin does become a global currency, the price goes up because the number of bitcoins is fixed.

28 posted on 11/11/2021 1:17:14 PM PST by The Truth Will Make You Free
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To: minnesota_bound
"...How does anything like that terrible looking get approved to build?"

Simple - History repeats itself.

The 1958 Ford Edsel:


29 posted on 11/11/2021 1:19:01 PM PST by GaltAdonis
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To: GaltAdonis

Looks like the 3 eyed fish in the Simpsons series


30 posted on 11/11/2021 1:28:00 PM PST by kaktuskid
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To: GaltAdonis

Heh. Looks sort of like a Trabant.


31 posted on 11/11/2021 7:56:35 PM PST by rxh4n1
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To: Blue Highway

Yep. How many cars have they sold yet?


32 posted on 11/11/2021 7:57:16 PM PST by rxh4n1
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