At this writing, here are the market capitalization levels of US automakers:
• Tesla: $1,040 billion
• Rivian: $149 billion
• General Motors: $91 billion
• Lucid Motors: $90 billion
• Ford Motor: $79 billion
• Fiat Chrysler: $16 billion
Rivian and Lucid have a lot to prove in the manufacturing domain, though both are sort of producing cars. But in the long game of the EV transition, access to capital is key and right now the American start-ups are looking pretty strong.
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