Rivian about to cross VW’s mk cap without sales

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www.bloomberg.com/news/articles/2021-11-12/rivian-is-now-biggest-u-s-company-with-no-sales-amid-ev-fever

So let’s look at the facts:

  • CEO has no track record of success.
  • Company has no sales.
  • So far the company has managed to ramp production to only one truck a day.
  • The company is “targeting” a total of 1mn production rate in 2030. This includes vans, trucks, etc.
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h/t  big663

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