Rivian Could Be The Next Tesla – But Don’t Pay More Than $100 Now

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ValueWalk

Rivian Automotive Inc (NASDAQ:RIVN) stock has gotten ahead of itself early in its life as a public company Q3 2021 hedge fund letters, conferences and more Sometimes a stock can really get a jump when it first launches into the public markets. As an example, Rivian (NASDAQ:RIVN) went public on Nov. 9. So far since that date, RIVN stock is up 47%. The incredible thing about the Rivian gains is that Ford’s (NYSE:F) 12% stake is valued at around $15 billion based on Wednesday afternoon’s market capitalization of around $130 billion. Amazon’s (NASDAQ:AMZN) 20% stake is worth $28.6 billion based on…

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