[Kjames]

Maybe $75 in 2025.

Doubt it will take that long. I think they’ll be back to IPO price before spring ‘23. The market will support this stock as long as they keep building more vehicles.

 

[Kjames]

I find it fascinating that Rivian's market cap, at current ca. $38 per share, is a whopping $33B, while Porsche's IPO target is a market cap of ca. $75B. VW's market cap is ca. $87B! (Ford is ca. $60B!!)

I own RIVN so I want the stock to do well ... but going to $75 per share without some very significant milestone seems outlandish. That's why I think it will take a few years to get there.

It is indeed fascinating and in many ways outlandish. Fundamentals are important.

Still…someone will be the market darling. That someone will have reliability, performance and a user experience second to none. Having only just spent significant time in a Tesla, I can say that I finally get it. Feels like using an iPhone after stepping out of an old phone booth.It’s a multiple of value.