The Apple Car?

Lucid, Rivian, Tesla vs GM and Ford

By Keith Teare • Issue #284 • View online

Rivian lost $580m last quarter but is valued at $124 billion. Ford’s 2021 revenue will be over $120 billion and it is worth only 60% of Rivian. Read on to see why it makes sense.

Contents

• Apple, Rivian, Lucid and Tesla vs Ford and GM
• 20% Interest? (thx to Loic Le Meur)
• Venture Capital — Wow!
• Web 3, Crypto and the Metaverse
• Startup of the Week
• Tweet of the Week

Editorial

Value on the Stock Market

Revenue Annually

Are we in a bubble? Or are we at the start of a revolution in the auto business? I start this week with a table and two charts. They show that Rivian (lost $580m last quarter) and Lucid (lost $520m last quarter) are worth more than GM ($102bn revenue — forward-looking 12 months and Ford ($140 bn revenue — forward-looking 12 months). Tesla ($52 bn in forward-looking 12-month…