Sorry, it doesn't work that way at all.
Voting rights, not stake, are what establishes control. RJ's shares have 10 votes each vs 1 for everyone else's shares.
You could collectively amass 49% of voting rights, and you'd have influence but no control.
Are you sure about that? No TM logo on Tesla's Supercharger page, and it was "borrowed" from an ICE device that was invented before Elon was even born.
Relax! If you can't acquire IPO shares, MS is doing you a favor. Wait and buy at a lower price on the open market. There's nothing special about getting in on this IPO.
I haven't gotten anything either, but that's OK b/c it's a hard pass for me at that pricing. I hope the raise is a huge success to give them lots of liquidity to get through the production ramp.
I was skeptical about the valuation previously, thinking about buying 100 share w/ the hope that maybe it might accelerate the delivery of my R1T. W/ the higher price range, no frickin' way. I'll consider buying it after the price tanks after the IPO. Don't get me wrong, I love the company...
I'm a client, and this is their perspective, which I happen to agree with. Personally, I think they should postpone the IPO until they get production up to scale. Has any company ever previously gone public with this kind of valuation prior to generating any material revenue?
Q: How are...
Has there ever been another company IPO @ ~$60B market cap before even generating any material revenue or ramping to mass production?
I'm very bullish on their prospects but have a very hard time justifying their desired valuation at this time.
I invest in companies for earnings and. cash flow, not sales, so price/sales isn't that meaningful as a valuation metric to me. Also, they need to have delivered the #'s, not just have a shot at achieving them at some undeterminable future time.
Some of y'all need to chill! I'm eagerly awaiting mine, but it's a truck, not a necessity of life!
I'd like to see more frequent updates by Rivian as well, but they've already out-communicated every other mfg. I've bought or reserved a vehicle from, including Tesla. I have a Day 1 Bronco...
True, but it's terrible for aerodynamics (esp. important on an EV w/ limited charging infrastructure), center of gravity, and the hassle of pulling it down and securing the flat one after the change.
I was interested in the R1S for better maneuverability in tight spots and its better breakover angle, but the lack of a FS spare has me opting for the R1T instead.
It's nice of them to allocate shares to reservation holders, but I'm going to pass if it prices @ an $80B valuation, as I'm confident it will subsequently be available for less on the open market.