Just When I Think I May Be Crazy …

Some days I wonder if finance has just passed me by. Maybe one day Milk will cost 20 DOGE or 15,000 Shiba. Maybe Tesla really is worth 150% more than traditional car companies. But then… I see a company with this income statement is worth $106 billion.

Yep, this is Rivian, an electric car company that is just starting to ship cars. For the record:

• It’s worth $106 billion as of this moment
• It’s the 86th largest company in the US
• The average revenue for companies 81 – 85? $44 billion
• The average revenue for companies 87 – 91? $42 billion

It’s hard to put into words just how far ahead of itself this stock is. And because of things like this – that are CLEARLY ridiculous priced by hype – that it’s very likely other things are also ridiculous overpriced.

Thanks Rivian!