Rivian investors who bought in todays price are going to smoked by a truck in the not too distant future. I love what Rivian (& Tesla) are doing but these P/E ratios are from another planet and are feeding off the hype train.

Unless the world internalizes that P/E ratios have now permanently been reset at crazy high valuations it is not sustainable price wise.

With this valuation - the amount of execution risk and market penetration risk is formidable.