$RIVN
Added 2023-02-24 10:35:11 +0000 UTCI have been critical of $RIVNS valuation, all the way when it was trading at $178, revenue will always determine the true valuation and $RIVN was doomed to come down from the beginning. That being said, I still believe it will come down more to a new low. -$7.5 Bill in losses now, it may need to consolidate for awhile before turning bullish and this may not be bad for long term holders.
As you can see from $NIO, even with $6 Bill in sales and -$1.5 Bill loss, it has around the same valuation as $RIVN and $NIO is in a much stronger position.
Comments
Any update on this please?
Stephanie
2023-10-01 17:43:48 +0000 UTC
