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A comment on Rivian valued at over $100B after biggest IPO of 2021. Parent comment

Re:Rivian valued at over $100B after biggest IPO of 2021 by fshbbdssbbgdd on Wednesday November 10, 2021 @07:20PM (#29182838)
Currently the cheapest new ICE cost 15-20k and the cheapest new long-range EV cost 30-35k (and a Tesla costs over 40k). If people are going to switch to EVs for lower TCO, the EVs will need to get a lot cheaper. I have no doubt this will occur eventually. And when they get a lot cheaper, how is Tesla going to earn a fat margin? I feel the “lower TCO” story is not that bullish for Tesla given the enormous profits that are required to justify Tesla’s current valuation.
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Re:Rivian valued at over $100B after biggest IPO of 2021 by pbourke on Wednesday November 10, 2021 @07:44PM (#29183031)
> If people are going to switch to EVs for lower TCO, the EVs will need to get a lot cheaper.

Or gas will need to get a lot more expensive, which is what governments are planning to do.

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Re:Rivian valued at over $100B after biggest IPO of 2021 by kcb on Wednesday November 10, 2021 @09:04PM (#29183628)
The Average price paid for a new car in the US is ... $35k-$40k. Almost no one in the US buys $15K Mitsubishi Mirages and more reasonable cars that start at $20K are rarely actually sold bare bones for that much.
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Re:Rivian valued at over $100B after biggest IPO of 2021 by fshbbdssbbgdd on Wednesday November 10, 2021 @09:29PM (#29183763)
How about the average price for a new EV?
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