I don't get the valuation. To me it seems like like Rivian is behind on their original product promise. The current models listed on the site have a range of only ~300 miles, while a lot of the original hype and excitement was around vehicles with ~400 miles of range. I wonder if this product really makes sense right now. If you're hauling people and gear, or going offroad, or towing, you will have even less efficiency. In a gas vehicle you can carry jerry cans and refill your tank. With an electric truck or SUV without a range extender or an option to carry an extra battery pack or whatever, you have no way to work around this. As such I can't see these really serving as a practical "adventure" vehicle even though that's what the marketing is.