$Rivian Automotive (RIVN.US)$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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16
$AMC院線 (AMC.US)$
他們攻擊我們的方式......你知道他們有多絕望。
1. 他們希望AMC破產,但我們在過去10個月中仍然堅持在40美元。
2. 他們嘗試了各種方法將價格壓到低於28美元,但這卻未能如著名的Mobile博士所預測的那樣發生。
3. 噴子們不斷創建假帳號,但我們大多數人都知道,這是一個公開的秘密。
4. 他們把價格推升到52美元以上,引誘一些APES出售,但我們沒有賣,因為這不是我們會接受的價格。
5. 他們會在不同的日子改變攻擊策略,但我們只是持有下去!
HFs,你們花的錢超過了你們的承受能力。當MOASS出現在你們面前時,你們最終都會煙消雲散。
他們攻擊我們的方式......你知道他們有多絕望。
1. 他們希望AMC破產,但我們在過去10個月中仍然堅持在40美元。
2. 他們嘗試了各種方法將價格壓到低於28美元,但這卻未能如著名的Mobile博士所預測的那樣發生。
3. 噴子們不斷創建假帳號,但我們大多數人都知道,這是一個公開的秘密。
4. 他們把價格推升到52美元以上,引誘一些APES出售,但我們沒有賣,因為這不是我們會接受的價格。
5. 他們會在不同的日子改變攻擊策略,但我們只是持有下去!
HFs,你們花的錢超過了你們的承受能力。當MOASS出現在你們面前時,你們最終都會煙消雲散。
已翻譯
6
6
高飛而遠
$特斯拉 (TSLA.US)$ $AMC院線 (AMC.US)$
$Meta Materials (MMAT.US)$ 加油
高飛至更高處,我們可以達成。
巨大的買入,堅定持有,為了勝利。
讓我們購買和持有更多,走向勝利✌
讓我們迎向更美好的未來 $遊戲驛站 (GME.US)$ 又來了
$特斯拉 (TSLA.US)$ $AMC院線 (AMC.US)$
$Meta Materials (MMAT.US)$ 加油
高飛至更高處,我們可以達成。
巨大的買入,堅定持有,為了勝利。
讓我們購買和持有更多,走向勝利✌
讓我們迎向更美好的未來 $遊戲驛站 (GME.US)$ 又來了
已翻譯
23