Go figure. The magical of Wall Street that makes Tesla the most valuable vehicle manufacture in the world, even though if produces only a fraction of the number of vehicles of Toyota, VW, GM or Ford, appears to be at work again.

"Rivian, an electric vehicle startup with a big footprint in Plymouth Township west of Detroit and backed by Amazon, Ford, and other deep-pocketed investors, announced Friday that it has confidentially filed to become a publicly traded company.

"The proposed offering's size and price range is still to be determined, although Bloomberg reported the company is eying an $80 billion valuation. Such a valuation would make Rivian one of Michigan's most valuable companies. By comparison, General Motors has a $72 billion market capitalization and Ford Motor Co.'s market cap is $53 billion.
https://freep-mi.newsmemory.com?publ...8f9cfd_1345eb0

The company has yet to ship any vehicles to general consumers but it does have a standing order of 100,000 delivery trucks from Amazon.