Quote:
Originally Posted by ME_Andy
Well, Rivian is trying to value themselves at $80 billion for their IPO. Quite a bit more than Ford. It's insane.
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Yes, it is insane but "normal" for new EV companies. Most won't survive but that doesn't mean investors won't throw money at them hoping they turn into the next TSLA (which is valued more than all the other automotive manufacturers combined)
3 of the 10 most valuable automakers in the world are EV start-ups that make a tiny number of vehicles:
1. Tesla - $755 billion
4. BYD - $115 billion
8. NIO - $68 billion
There are 3 more in the top 20 including companies that haven't made a single vehicle.