Rivian has become the third-largest car company in terms of market capitalization, according to Bloomberg.
Looking at their growth year-to-date, Tesla’s share price went up by 49 percent to close at $1,089 on Nov.
Observing debt-equity ratios, Tesla and Lucid had much lower ratios when compared to their traditional counterparts, as they stood at 0.3 and almost zero in the case of Lucid respectively as of Sept.
Tesla’s total production for the nine months of 2021 rose year-on-year by 89 percent to reach 624,582 vehicles, the company’s latest quarterly report showed.
Reservations were greater than 13,000 by the end of this year’s third quarter but went up even further to be greater than 17,000 by Nov.
The PIF-backed EV maker is also expected to expand its retail and service network into different regions to pursue a more globalized demand.
Toyota, in a shorter period, made a higher net income when compared to Tesla as its net income reached 1,565 billion yen in the six months ending on Sept.
Moreover, Tesla had a very high estimate for its price-earnings ratio, PER, for 2021, valued at 265.61 which might mean that either the company is overvalued or that investors are predicting high growth for the company.
DRESOS claims to eliminate everything that makes shopping stressful.
“Having worked in the retail industry for years, I felt that the customer service in physical retail stores is deteriorating.
“Something we want to tackle with our service.
“You can keep the outfits for three days and try them at the comfort of your home, ordered by the touch of a button.
Deploying the service in the Middle East is not far-fetched, she implied, given the region’s governments’ “strategic investments” that could enable high-tech products and services to flourish.