The prediction is actually less wild than the one she made for Tesla — and that came true.
Whether you're an industry watcher or a casual investor, it's been hard to ignore the coverage of up-and-coming electric vehicle (EV) manufacturer Rivian Automotive (NASDAQ: RIVN). From shattering initial public offering (IPO) records to fetching an over-$150 billion valuation at its peak (which is more than General Motors, Ford, or even Starbucks), Rivian embodies a spirit of optimism and imagination. Love it or hate it, Tesla (NASDAQ: TSLA) has these attributes in spades.
The electric vehicle (EV) industry is smoking hot right now. New players are entering the space, existing titans are opening their pocketbooks and investing in EVs, and a slew of support players such as charging companies, battery companies, and autonomous driving companies are accelerating innovation.