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Chamath Palihapitiya defends Rivian's $110 billion market cap, and says the EV startup's critics remind him of Tesla bears

16 days ago   |   By

Chamath Palihapitiya defended the EV startup at the weekend.
REUTERS/Brendan McDermid
Billionaire investor Chamath Palihapitiya has defended EV startup Rivian, after criticism about its $110 billion market cap.
Palihapitiya said investors have seen and liked Rivian's product and that it had taken a "smart path to market."
Rivian is now valued at more than $110 billion despite never having made any meaningful revenue.
Billionaire investor Chamath Palihapitiya has defended the market valuation of electric-vehicle startup Rivian , saying investors think the company has a solid product and the...
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