Re:Rivian valued at over $100B after biggest IPO of 2021
by skinnymuch on Wednesday November 10, 2021 @09:23PM
(#29183728)
That’s $25B profit per year excluding any other profit. That can actually justify a 1T market cap.
Let's optimistically assume that Tesla will sell 100M of new cars in the US in the next 20 years at the average price of 50K per car and profitability 10%.
100M x $50K * 10% = 500 billion which is already less than Tesla's current 1 trillion valuation.