RIVN market cap of 113.605B.
The RIVN price needs to drop half of it to closely match the market cap of LCID, F, GM
With the current share price
F, Market cap 78.167B
GM Market cap 89.725B
LCID Market cap 90.896B
With RIVN I will consider open a position once they drop below $70 close to original IPO price.
I already took my original investment with LCID.
About NIO With the current share price,
NIO Market cap is 61.491B, so Not expensive valuation imho considering they have delivered 142,000+ EVs.