$Rivian Automotive (RIVN.US)$made its public debut on Wednesday. The highly anticipated EV stock traded higher by nearly 30%, closing the day valued above many traditional automakers.
Today shares of the company are trading 18% higher and according to Loup Funds' Gene Munster, Rivian's valuation may be even more lofty than Tesla's.
I think Rivian's valuation is a full standard deviation outside of aggressive."
—— Munster said Thursday on CNBC's "Squawk Box."
Munster told CNBC the average sale price of a Rivian vehicle is about $80,000, which is similar to Tesla's Model S and X.
Tesla delivers about 70,000 of these vehicles per year, according to Munster. Rivian is expected to deliver about 1,000 vehicles this year, but if one assumes the company is able to deliver 70,000 vehicles in 2023, "that means that the valuation per vehicle delivery in 2023 is $1.3 million," he said.
Based on 2023 delivery expectations, Tesla is valued around $500,000 per vehicle delivery, Munster said.
EVs are ultimately computers on wheels, so Munster considers Tesla and Rivian to be tech companies, he said. "So when I think about Tesla and think about the long term, my opinion is this can be a $2,500 stock." Munster said he sees an important difference between Tesla and Rivian: Tesla didn't increase its growth rate to 50% until it started selling lower priced vehicles.
Mooers, do you think Rivian's market cap will surpass Tesla's in the future?
Today shares of the company are trading 18% higher and according to Loup Funds' Gene Munster, Rivian's valuation may be even more lofty than Tesla's.
I think Rivian's valuation is a full standard deviation outside of aggressive."
—— Munster said Thursday on CNBC's "Squawk Box."
Munster told CNBC the average sale price of a Rivian vehicle is about $80,000, which is similar to Tesla's Model S and X.
Tesla delivers about 70,000 of these vehicles per year, according to Munster. Rivian is expected to deliver about 1,000 vehicles this year, but if one assumes the company is able to deliver 70,000 vehicles in 2023, "that means that the valuation per vehicle delivery in 2023 is $1.3 million," he said.
Based on 2023 delivery expectations, Tesla is valued around $500,000 per vehicle delivery, Munster said.
EVs are ultimately computers on wheels, so Munster considers Tesla and Rivian to be tech companies, he said. "So when I think about Tesla and think about the long term, my opinion is this can be a $2,500 stock." Munster said he sees an important difference between Tesla and Rivian: Tesla didn't increase its growth rate to 50% until it started selling lower priced vehicles.
Mooers, do you think Rivian's market cap will surpass Tesla's in the future?
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$AMC院线 (AMC.US)$
The way they are attacking us….you know how desperate they really are.
1. They wanted AMC to go bankrupt but here we are standing at $40 for the last 10 months.
2. They tried all ways to push the price to below $28 but that didn’t happen as predicted by the famous Dr Mobile.
3. Shills kept creating fake accounts but most of know it’s an open secret.
4. They push the price up to $52 plus and tempt some APES to sell but we did not sell as that’s not the price we will be settling for.
5. They change their tactics to attack ok different days but we just kept HODLING!
HFs you are burning more money than you afford. You all will eventually perish into thin air when MOASS appears in front of you.
The way they are attacking us….you know how desperate they really are.
1. They wanted AMC to go bankrupt but here we are standing at $40 for the last 10 months.
2. They tried all ways to push the price to below $28 but that didn’t happen as predicted by the famous Dr Mobile.
3. Shills kept creating fake accounts but most of know it’s an open secret.
4. They push the price up to $52 plus and tempt some APES to sell but we did not sell as that’s not the price we will be settling for.
5. They change their tactics to attack ok different days but we just kept HODLING!
HFs you are burning more money than you afford. You all will eventually perish into thin air when MOASS appears in front of you.
6
6
高飞得更高
$特斯拉 (TSLA.US)$ $AMC院线 (AMC.US)$
$Meta Materials (MMAT.US)$ 加油
腾飞得更高,我们可以实现
大量买入,大量持有,赢取胜利
买入并持有更多以取得胜利✌
让我们迈向更美好的未来 $游戏驿站 (GME.US)$ 又来了
$特斯拉 (TSLA.US)$ $AMC院线 (AMC.US)$
$Meta Materials (MMAT.US)$ 加油
腾飞得更高,我们可以实现
大量买入,大量持有,赢取胜利
买入并持有更多以取得胜利✌
让我们迈向更美好的未来 $游戏驿站 (GME.US)$ 又来了
已翻译
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