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Rivian is trading at about 2.5 times Tesla’s valuation based on this cutting-edge metric

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A Rivian R1T electric pickup truck during the company’s IPO outside the Nasdaq MarketSite in New York, on Wednesday, Nov. 10, 2021.

Bing Guan | Bloomberg | Getty Images

Newly public electric vehicle maker Rivian Automotive is already trading at more than double Tesla‘s lofty valuation, according to one analyst’s unconventional valuation method.

Trump makes new bid to block records from Capitol riot probe before Friday deadline

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