Quote:
Originally Posted by zamler
Shocking. $179 is vastly over valued but I don't think the stock deserves to drop over 5x.
edit - LCID is a good stock to short term trade it goes into the dumps then balloons for a day or 3 then drops again.
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Dropping 5X is irrelevant. The only thing that matters is: what is it worth?
At $37, it has a market cap of $33B. Daimler (Mercedes) currently has a market cap of $66B
Mercedes sells millions of cars world wide. Rivian's total sales to date are measured in the dozens of vehicles.
There is no way in hell a person can make a reasonable case that Rivian is worth $33B