What is a 'reasonable' target for sales for Rivian by, say, 2025?
Let's say they can sell 100,000 vehicles per year. (I think that is wildly optimistic)
And let's say they can make $10,000 profit per vehicle (also optimistic)
That means $1B/yr in profit. That means - if the stock does nothing from here until then, it would still have a P/E of 25X.
In other words, it is still extremely difficult to justify this price. Even looking at (hopeful) numbers, several years out.
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