Rivian Is Down $143 Billion, But Is Still Overvalued

Rivian was by far one of the most hyped EV companies in the world. At their peak, they were literally the 3rd highest valued automaker in the world-beating out giants such as Volkswagen and GM. And it’s not like they were delivering tens of millions of vehicles every year. They had just started delivering their first production vehicle at the time. Since then, Rivian’s valuation has fallen off a cliff selling off nearly 90%. At the bottom, Rivian was valued at just $17 billion which is ironically less than their book value. While this may seem like an attractive time to buy Rivian, it should be noted that they still have an extremely challenging road ahead. First of all, their still just a startup that’s trying to take on the legacy automakers who are taking EVs more seriously by the day. Not to mention, Rivian has just started the scaling-up process which almost wiped out Tesla completely. And as Rivian tries to fight against legacy players and scale up production, they’re no doubt going to continue having terrible financial reports for years to come. This video explains the biggest challenges for Rivian and why Rivian remains a risky investment despite selling off 90%.

Discord Community:
https://discord.gg/SJUNWNt

Timestamps:
0:00 - Rivian
1:18 - Startup
4:36 - Scaling Up
7:49 - Abysmal Financials
10:28 - Future Of Rivian

Thumbnail Credit:
REUTERS/Brendan McDermid
https://bit.ly/3m0lUDM

Resources:
https://pastebin.com/yzvPbsGD

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