Here is a Little Taste of News Today on What Will/May Happen...... and I agree we need to be over $10 for that $35 BO......BUT... the Market / Investors are looking at Pre Orders and it does not have to be Revenue......
this HOT Sector is Hungry and will price many times Future earnings on Pre Orders.... take a glance at this.....
********* google for full article... and I still Believe Exro needs to IPO the Battery or Coil drive ......on NASDAQ in 2022 Q2......mo By Noor Zainab Hussain
(Reuters) -Rivian Automotive Inc, which is backed by Amazon.com Inc, is targeting a valuation of more than $53 billion for its U.S. debut, making the electric vehicle manufacturer potentially almost as valuable as rival Honda Motor.
The startup is looking to raise up to $8.4 billion, setting it up to be the third-largest initial public offering (IPO) by funds raised in the past decade in the United States.
While Rivian has yet to sell any significant volume of its electric vans or trucks, it could likely be valued higher than Ferrari, although less than Honda, General Motors or its backer Ford Motor Co.
The startup has been investing heavily to ramp up production, including for its upscale all-electric R1T pickup truck, which was launched in September, beating out competition from established rivals such as Tesla, General Motors and Ford.
Rivian, which disclosed nearly $1 billion in losses for the first half of this year, had about 48,390 pre-orders for its pickup trucks and R1S SUVs in the United States and Canada as of September.
It is currently pursuing a two-track strategy: building electric delivery vans for Amazon and developing an electric pickup and SUV brand aimed at affluent individuals.