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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.
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