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EV market capitalisations go bonkers
FT News Briefing
Is Rivian Ipo a Pure Play Electric Car Company?
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The market seems to think that pure play electric car makers should be valued very, very high levels. Rivion has very deep links with amazon that has huge orders to provide trucks to amazon. But the company still has a lot of execution risk. It still hasn't made vehicles. The big question is whether other companies coming into the space should automatically be valued in that way.
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