Farmer Diaries

 Reading the comments on Zerohedge about Rivian IPO, and you would be hard-pressed to get comments that make any sense at all.  The bottom line is they hate EV, it's a passion.  never mind that 95% of EVs are manufactured in the US for the US market. They really want to have coal-fired cars if they could.  it's a pollution thing.  One bozo even said that Ford sells 900,000 F150 per annum (it's actually 128,000), not zero but still  Of course, there are always the guys who talk about camping with an EV or going on long road trips.  Facts, 99% of all vehicle trips, excluding trucks) are for less than 200 KM. The range for all EVs is nearly twice that. The issue with Rivian is that they sold 20 odds cars, they have an order book for 150,000 more.  

 The airline industry has pledged that by 2050 they will be carbon neutral, amusing if you think about it, considering that the airline industry has little say on the technology being deployed -- it GE, RR  and SNECMA who design engines for aircraft. Still 2050, lots can happen in 30 years

 OK in the 3rd quarter of 2021, Tesla delivered a total of 210,000 cars which is not bad, a few days ago, Rivian a competitor to Tesla did its IPO, and today the stock opened 35% above its IPO price, the total market cap for Rivian is north of US$ 90 billion. How many cars has Rivian delivered over the past 2 years...its s a smaller number than Telsa that's for sure, how about 22, not 22,000 but as of October 20th, 2021, Rivian had delivered a grand total of 22 vehicles, just short of two dozen cars. Rivian is today worth more than General Motors.  In the third quarter of 2021 GM sold about 240,000 cars Now Tesla is down 12% on the news that EM may sell some shares.  The company's market cap is still just north of 1,000 billion, only 10x more than Rivian, which sold 22 cars.