Re:Rivian valued at over $100B after biggest IPO of 2021
by panick21_ on Wednesday November 10, 2021 @11:16PM
(#29184368)
> Nobody who wants a work / camping / towing truck is going to buy a Cybertruck.
That people confidently say nonsense like this is just mind blowing. How the fuck do you know that?
Do you think the almost a million preorders are all by programers?
For a work truck you car about cost and performance, and Cybertruck beats the riven easily. The Rivian isn't close to being a work truck, they don't even advertise it as such.
And to get that kind of valuation you need much more then a prototype, you need to produce 500k and even then the valuation is not justified.
That people confidently say nonsense like this is just mind blowing. How the fuck do you know that?
Do you think the almost a million preorders are all by programers?
For a work truck you car about cost and performance, and Cybertruck beats the riven easily. The Rivian isn't close to being a work truck, they don't even advertise it as such.
And to get that kind of valuation you need much more then a prototype, you need to produce 500k and even then the valuation is not justified.