@MsVeilMoney Yes, definitely. The current price is actually not overpriced for the market, though I expect a broader correction. $RKLB trading at 84x revenue with a non-reusable. $PL at 15x despite not even making rockets. We should expect higher multiples than usual in this sector.
@MacroMicroNMike@kneubuehl If you're really into off-roading then sure, this vehicle isn't a jeep. It doesn't have the same physical form and doesn't pretend to. It's certainly more capable than any vehicle in its class.
@ralm745027@Rivian I'd rather be a negative nancy than an idiot retail investor who buys a couple shares to feel some semblance of ownership in his life.
I think you're misconstruing the sentimental with fundamental. The stock is not worth this multiple. No other stock, EVER, has managed to sustain the likes. Hype will always be a part of the equation, but 95x is unreasonable without evidence they can justify it within the next few years(they can't). You're talking about growing from 18.7B to 100's of billions in annual revenue, within the next 5-7 years.
@GodsBurnt A company trading at a historic multiple is going to go even further than their already insane 95x? I don't think you know what you're talking about.
@LN_Master_Hub@richardhutton@sporadica I am in total agreement(a major bull) that we'll likely look back on this price in 5 years and say it was peanuts. But with current information it's too high. Today's unfounded bet could make someone a ton of money in 5 years—that doesn't make it a smart investment.