Rivian is just starting to sell its electric vehicles, projecting $0-$1 million in revenue during the 3rd quarter. By comparison, both GM and Ford had over $130 billion in revenue in the last year.

Autonomous electric ride-hail vehicles should benefit from much higher utilization rates than human-driven cars, not to mention lower labor and insurance costs. ARK estimates that, at scale, an autonomous electric taxi platform could price rides profitably at $0.25 per mile. As a result, autonomous rides could cost less than personal car transporta... See more