“I reinvented electric cars and I’m sending people to Mars on a rocket ship. Did you honestly think I would be a normal chill dude?” @elonmuskhttps://t.co/DfUjB3Z77E ...

Elon Musk“Look, I know I sometimes say or post strange things, but that's just how my brain works. To anyone I've offended, I just want to say I reinvented electric cars and I'm sending people to Mars in a rocket ship. Did you think I was normal?” https://t.co/LcUmLwNi6A ...

Several Chinese cities want to become the Detroit of electric cars. Some have already surpassed their American rival. But they are still battling each other https://t.co/AxdBJS2XOiPhoto: Getty Images https://t.co/v1EeBB2TCx ...

Industry Trend - Several Chinese cities aim to become the "Detroit" of electric cars, with some already exceeding their American counterpart [1] Competition - Chinese cities are currently competing with each other in the electric car industry [1]

Core Viewpoint - Rivian Automotive is currently undervalued compared to competitors like Lucid Group and Tesla, with potential for significant growth starting in 2026 as new models are introduced and production costs decrease [2][3][6] Group 1: Current Valuation and Market Position - Rivian shares trade at a discount of 2.7 times sales, compared to Lucid's 7.1 times and Tesla's 11.5 times [2] - The current discount is justified due to slower sales growth compared to Lucid and Tesla's capital advantages [3] Group 2: Future Growth Prospects - Rivian plans to begin production of the R2 midsize SUV in early 2026, priced around $45,000, followed by the R3 and R3X models [5] - The introduction of these new models is expected to attract tens of millions of new buyers, significantly expanding Rivian's market presence [5] Group 3: Financial Improvements - Rivian has already seen a 34% reduction in R1 manufacturing costs as it prepares for R2 production, indicating potential for improved gross margins [6] - Despite recent challenges such as the elimination of federal regulatory credits, long-term normalized margins are expected to rise [6] - With shares at multi-year lows, there is an opportunity for investment before these financial catalysts materialize [6]