$Faraday Future Intelligent Electric Inc. (FFIE.US)$$Lucid G...

Mikebierer wrote a post · Dec 10, 2021 17:16

$Faraday Future Intelligent Electric Inc. (FFIE.US)$ $Lucid Group (LCID.US)$ Any market value that does not pay is bullshit. There is no floor for long-term valuation.

$Rivian Automotive (RIVN.US)$ is only slightly better, potentially backed by Amazon, but still in the mandatory storytelling stage. It is essentially ineligible to "benchmark" Tesla.

Stories based on the real economy are far more damaging than pure subjects. Because a lot of resources will be wasted.

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