Rivian’s massive valuations are a testament to the importance of electric car start-ups. its public debut WednesdayThe Nasdaq has a greater stock price than the market and a larger market capital. General MotorsGM CEO Mary Barra stated Wednesday that the value of this legacy automaker was “so undervalued”.

Rivian shares are expected to open at $125 per Share, which is 60% more than its previous opening price. IPO price of $78 a shareWhen taken together, they could be worth as high as $106.6 trillion.This compares to GM’s $60 per share, and a market capital of $86.4 million.

“It highlights for me the immense opportunity. General MotorsBarra stated Wednesday that Rivian was so undervalued, but he did not specifically name Rivian at The New York Times DealBook conference. General Motors should seize this huge opportunity to increase its value, as I see it.

Barra didn’t think that the value of competitors was sensible when she was asked.

“I view every competitor like a friend. “We have to be more efficient, faster, offer vehicles that are desirable to consumers, and resolve the ownership equation,” she stated. That’s how I view it. “I would argue that it actually motivates to work harder.

Rivian can be considered one of the EV-startup leaders who is capable of taking on the electric car leader TeslaGM and the other major automakers have invested tens or hundreds of billions of dollar in this emerging market.

GM wanted to invest in Rivian. Rivian is its largest rival crosstown. Ford Motor,Instead of investing in the EV company, they ended up doing so. Rivian CEO RJ scaringe, Ford which has about 12% stake in start-ups, believed that Ford was a better match than GM. by the Wall Street Journal.

GM announced plans to invest $35 billionIn electric and self-driving vehicles by 2025 targets outselling TeslaDomestic EV sales were up by then.