Rivian burns $833 million per quarter selling just 65,000 vehicles a year, yet its $23 billion market cap edges out global automaker Stellantis.
Stellantis sells 5.4 million vehicles annually but sits at a $20 billion market cap, while Tesla commands $1.1 trillion on EV future optimism.
EVs represent only 5% of new US car sales, making the investor optimism inflating Rivian above Stellantis increasingly hard to justify.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Rivian didn't make the cut. Grab the names FREE today.
Troubled EV company Rivian (NASDAQ: RIVN) has a $23 billion market cap. Global car giant Stellantis (NYSE: STLA) has a $20 billion market cap. This seems impossible. It shouldn't be. The EV revolution has ended in the US. Stellantis has troubled brands, but not that troubled.
#stellantis #rivian #billion #global
Stellantis sells 5.4 million vehicles annually but sits at a $20 billion market cap, while Tesla commands $1.1 trillion on EV future optimism.
EVs represent only 5% of new US car sales, making the investor optimism inflating Rivian above Stellantis increasingly hard to justify.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Rivian didn't make the cut. Grab the names FREE today.
Troubled EV company Rivian (NASDAQ: RIVN) has a $23 billion market cap. Global car giant Stellantis (NYSE: STLA) has a $20 billion market cap. This seems impossible. It shouldn't be. The EV revolution has ended in the US. Stellantis has troubled brands, but not that troubled.
#stellantis #rivian #billion #global
3 months ago
