Rivian’s valuation looks wildly high when using this nontraditional metric
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Rivian R1T, an electric pickup truck that was used during the company’s IPO, outside the Nasdaq MarketSite (New York), on Wednesday November 10, 2021.
Bing Guan | Bloomberg | Getty Images
The new electric car maker is now available for public purchase Rivian AutomotiveTrades at more than twice its current value TeslaAccording to an unconventional valuation method used by one analyst,’s high valuation is quite reasonable.
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