$Rivian Automotive, Inc.(RIVN)$why this stock price will correct sooner than later? It is in the math. They confirmed it themselves.
ARK calculated that in 2030, there will be ~1.3 trillion in enterprise value attributable to the vehicle manufacturing layer of the value chain on ~80 million units
Rivian is *hoping* to get to ~1% share by 2030.
The market tries to front run the price and price in the future. However, based on its current value, the noob investor who is FOMOing is buying at a value today at ~10% of that possible market cap. That makes no sense at all. $TESLA is calculated to win 25% entire automotive market. And the market is pricing that in appropriately. $Rivian is completely off. To make headway in this market, it needs achieve a Goliath feat in the scale of coming close to the scale of Tesla or at least, prove its potential in doing so.
My sense is that this is a pump and dump. Once Elon is done selling, the market will dump bags and leave the last bag holders to shoulder the burden of an overpriced stock. TP for Rivian should be about $50, which is below its ballooned IPO price.
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