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Rivian is an electric truck startup. recently made the news with its Initial Public Offering (IPO) on the Nasdaq on Nov. 10, 2021. The IPO price of $78.00 raised nearly $12 billion in capital for the company.
For comparison, find the market capitalization for Ford and General Motors at the end of 2021.
Give an analysis in less than half a page of text (with supporting evidence) about possible reasons for Rivian's high valuation.
Give your opinion about what Rivian must do to be able to maintain or increase its share price (in about half a page of text).
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