This is a genuine question: why do you think they’ll do well and how well do you think they’ll do?
They’re already starting out at 10% of Tesla’s market cap and a valuation higher than most auto companies. Let’s say they become the next Tesla in a decade. That would be 25% growth per year which is good, but comes with a lot of risk compared to Apple, Google, Amazon, etc.
Tesla also launched before the rest of the industry was shipping competitors. Rivian will be facing near immediate competition.
Does Rivian have secret sauce others can’t replicate? I haven’t followed them so I truly don’t know. Tesla has massive battery manufacturing, a great brand, a supercharger network, and a decade head start. What makes Rivian special compared to what Ford will be shipping in its F-150 Lightning? Or what so many companies will be shipping in the coming years?
First of all, they have a large order of trucks from Amazon so they have guaranteed volumes. Second, the thinking that only one car manufacturer can thrive is self evidently false since we had for years dozens of car brands.
Third, they don't really compete with Ford, they compete with Land Rover and Jeep and they are the first brand to bring something to that segment of the market that's electric.
Plus I've seen the car and it's an awesome vehicle, I have no crystal ball but I'm willing to bet they'll do well.
Amazon has invested in Rivian and they have the advantage of being “not Musk”. Bezos doesn’t want to give Musk any business. I thought it was funny that they made a big show of using Rivian trucks for the retrieval after the Blue Origin flight.
They’re already starting out at 10% of Tesla’s market cap and a valuation higher than most auto companies. Let’s say they become the next Tesla in a decade. That would be 25% growth per year which is good, but comes with a lot of risk compared to Apple, Google, Amazon, etc.
Tesla also launched before the rest of the industry was shipping competitors. Rivian will be facing near immediate competition.
Does Rivian have secret sauce others can’t replicate? I haven’t followed them so I truly don’t know. Tesla has massive battery manufacturing, a great brand, a supercharger network, and a decade head start. What makes Rivian special compared to what Ford will be shipping in its F-150 Lightning? Or what so many companies will be shipping in the coming years?