Tesla Beater: Rivian

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.

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