....this is how overextended the EV mania was- even after losing 95% of its value, Rivian cannot be worth US$8.2B.
....will EV stock hodlers be saying there's still strong EV growth, so the -95% loss is way overdone?
Rivian lost $4.7 billion in 2021 but investors looked past this during the EV mania, valuing the company @ $153 billion. Today, investors seem to care about profits again w/ Rivian valued @ $8.2 billion after posting a $6.8 billion loss in 2022 & $5.4 billion loss in 2023.
