Rivian is trading at about 2.5 times Tesla’s valuation based on this cutting-edge metric

A Rivian R1T electric pickup truck during the company’s IPO outside the Nasdaq MarketSite in New York, on Wednesday, Nov. 10, 2021.

Bing Guan | Bloomberg | Getty Images

Newly public electric vehicle maker Rivian Automotive is already trading at more than double Tesla‘s lofty valuation, according to one analyst’s unconventional valuation method.

Rivian is trading at about 2.5 times Tesla’s valuation based on this cutting-edge metric

Trump makes new bid to block records from Capitol riot probe before Friday deadline

Your Crypto Buy for Dow 100K

Overwhelming majorities express concerns about Biden, Trump ahead of 2024 race, new poll finds

IRS to target ‘unscrupulous’ tax preparers amid crackdown of small business tax credit

Why Warren Buffett thinks interest rates exert a huge gravitational pull on asset values

Writers strike negotiations reportedly hung up on language over AI

Comments

Leave a reply Cancel reply

More in Market News

Mid-Atlantic coast under flood warnings as Ophelia weakens to post-tropical low and moves north

Biden to host Pacific Island leaders in U.S. charm offensive against China

Nvidia stock is a bubble waiting to burst – and the AI rush may be a modern version of 17th-century tulip mania, note says

Ukraine targets a key Crimean city a day after striking Russia’s Black Sea Fleet headquarters

Get the daily email with market news.

Top News