<story><title>Rivian valued at over $100B after biggest IPO of 2021</title><url>https://www.reuters.com/business/autos-transportation/ev-maker-rivian-set-high-profile-market-debut-after-mammoth-ipo-2021-11-10/</url></story><parent_chain><item><author>tw04</author><text>&amp;gt;Tesla has also proven that traditional automakers really struggle to keep up with the electric car race - from software to supply chain.&lt;p&gt;Hardly, Tesla has proven that they were right betting on electric being the future.  SuperCruise by most accounts is ahead of &amp;quot;FSD&amp;quot; in real-world driving.  GM has pivoted in less than 5 years to what it took Tesla 18 years to build.&lt;p&gt;5 years from now we can have a conversation about whether GM&amp;#x2F;Ford&amp;#x2F;Stellantis can compete or not.  Saying that Tesla has some unsurmountable lead when the big 3 have literally just started releasing their first round of EVs is silly.  Having test driven a Mach-E and a Model-Y, I would wager the non-tesla fanboy will choose the Mach-E every time.  Nicer interior, similar enough performance, and a manufacturer that has a history of actually having parts to fix cars when something breaks.  The horror stories of cars sitting for months waiting on basic parts from Tesla is enough to make me think twice about ever owning one.</text></item><item><author>qqtt</author><text>Lots of talk about balking at this valuation, and that is probably a reasonable reaction, but as others have said, I want to point out that companies are valued based on their future and projected growth, not how much they are worth today.&lt;p&gt;Much has been made about Tesla being worth more than all other automakers combined, but let&amp;#x27;s look at the growth.&lt;p&gt;Tesla Q3 Revenue: 13.76B, Year over year growth: 56%&lt;p&gt;Tesla Q3 Net Income: 1.6B, Year over year growth: 388%&lt;p&gt;GM Q3 Revenue: 26.78B, Year over year growth: -24%&lt;p&gt;GM Q3 Net Income: 2.42B, Year over year growth: -40%&lt;p&gt;Tesla is growing like bonkers, wildly more profitable, and has a much brighter future than GM given these trajectories. It&amp;#x27;s almost like either GM is severely overvalued at 90B market cap or Tesla is undervalued at 1T.&lt;p&gt;Tesla has also proven that traditional automakers really struggle to keep up with the electric car race - from software to supply chain. Rivian, like Tesla, is built top to bottom to play in this market, with the added backing of Amazon and products tailor made for enterprise scale needs that companies like Amazon need.&lt;p&gt;Of course Rivian is a risky investment today - their stock is priced for perfection. We saw what happened last quarter when stocks priced for perfection fall short (take a look at Snapchat). But plenty of these arguments &amp;quot;Rivian is only selling 1000 cars!&amp;quot; also applied to Tesla about 10 years ago.&lt;p&gt;A business is valued based on its future prospects. Growth companies are risky.&lt;p&gt;Edit to add Ford numbers:&lt;p&gt;Ford Q3 Revenue: 35.68B , Year over year growth: -4%&lt;p&gt;Ford Q3 Net income: 1.8B, Year over year growth: -23%&lt;p&gt;Also want to point out - all automakers are operating in the same pandemic - Ford, GM, and Tesla are all dealing with supply chain issues and chip shortages.</text></item></parent_chain><comment><author>reacharavindh</author><text>It’s never a single winner in the market. Sure, Tesla may be superior in some regards(battery tech, better motors) that are critical to an EV, but other car makers bring something else to the table while being reasonably close on range. I for one don’t like the Tesla “All in a single touch screen” interface. Neither do I want my car to constantly update its firmware automatically(chasing a wild auto driving fantasy and SV dreams). I just want my car as an effective tool and be open. I’d love to use CarPlay like on other cars… Tesla?&lt;p&gt;Not to say that other car makers are perfect. Competition is always good for the consumer.</text></comment>
<story><title>Rivian valued at over $100B after biggest IPO of 2021</title><url>https://www.reuters.com/business/autos-transportation/ev-maker-rivian-set-high-profile-market-debut-after-mammoth-ipo-2021-11-10/</url></story><parent_chain><item><author>tw04</author><text>&amp;gt;Tesla has also proven that traditional automakers really struggle to keep up with the electric car race - from software to supply chain.&lt;p&gt;Hardly, Tesla has proven that they were right betting on electric being the future.  SuperCruise by most accounts is ahead of &amp;quot;FSD&amp;quot; in real-world driving.  GM has pivoted in less than 5 years to what it took Tesla 18 years to build.&lt;p&gt;5 years from now we can have a conversation about whether GM&amp;#x2F;Ford&amp;#x2F;Stellantis can compete or not.  Saying that Tesla has some unsurmountable lead when the big 3 have literally just started releasing their first round of EVs is silly.  Having test driven a Mach-E and a Model-Y, I would wager the non-tesla fanboy will choose the Mach-E every time.  Nicer interior, similar enough performance, and a manufacturer that has a history of actually having parts to fix cars when something breaks.  The horror stories of cars sitting for months waiting on basic parts from Tesla is enough to make me think twice about ever owning one.</text></item><item><author>qqtt</author><text>Lots of talk about balking at this valuation, and that is probably a reasonable reaction, but as others have said, I want to point out that companies are valued based on their future and projected growth, not how much they are worth today.&lt;p&gt;Much has been made about Tesla being worth more than all other automakers combined, but let&amp;#x27;s look at the growth.&lt;p&gt;Tesla Q3 Revenue: 13.76B, Year over year growth: 56%&lt;p&gt;Tesla Q3 Net Income: 1.6B, Year over year growth: 388%&lt;p&gt;GM Q3 Revenue: 26.78B, Year over year growth: -24%&lt;p&gt;GM Q3 Net Income: 2.42B, Year over year growth: -40%&lt;p&gt;Tesla is growing like bonkers, wildly more profitable, and has a much brighter future than GM given these trajectories. It&amp;#x27;s almost like either GM is severely overvalued at 90B market cap or Tesla is undervalued at 1T.&lt;p&gt;Tesla has also proven that traditional automakers really struggle to keep up with the electric car race - from software to supply chain. Rivian, like Tesla, is built top to bottom to play in this market, with the added backing of Amazon and products tailor made for enterprise scale needs that companies like Amazon need.&lt;p&gt;Of course Rivian is a risky investment today - their stock is priced for perfection. We saw what happened last quarter when stocks priced for perfection fall short (take a look at Snapchat). But plenty of these arguments &amp;quot;Rivian is only selling 1000 cars!&amp;quot; also applied to Tesla about 10 years ago.&lt;p&gt;A business is valued based on its future prospects. Growth companies are risky.&lt;p&gt;Edit to add Ford numbers:&lt;p&gt;Ford Q3 Revenue: 35.68B , Year over year growth: -4%&lt;p&gt;Ford Q3 Net income: 1.8B, Year over year growth: -23%&lt;p&gt;Also want to point out - all automakers are operating in the same pandemic - Ford, GM, and Tesla are all dealing with supply chain issues and chip shortages.</text></item></parent_chain><comment><author>rajup</author><text>Having driven a Polestar 2 (by Volvo) and a tesla I have to agree. The Polestar was miles (heh) ahead in terms of build quality, interior and polish. The only reason I did not buy the Polestar outright is their still low range. I see that gap closing very quick in the next 3-5 years.</text></comment>