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Is Rivian the next Tesla?
Let's do a comparison:

$TSLA Q2 2011 vs $RIVN Q4 2021
(soon after IPO)

Auto Rev:
$39M vs $54M

Auto Gross Margin:
22% vs -709%

OpEx:
$77M vs $2,071M

Net Loss:
$59M vs $2,461M

These two companies are NOT the same. Even IF Rivian is able to manufacture solid state batteries, that does not mean they'll be able to do so profitably (just look at those -709% GM's). Rivian is wildly overvalued and still has much to prove.

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