rivian's restoration of these buildings is much. the vehicle access onto linden are trying to increase the traffic, not remove it. there's a history of the rear alley being moved. we need the street parking for our customers and the traffic minimized for pedestrian safety. secondly, i would like to ask rivian to consider carving out space for another small retail store. >> secretary: thank you. sir. that is your time. >> hi, my name is sarah buker. i am a 24-year resident of hayes valley as both a renter and now a homeowner. i appreciate and support the existing businesses. i've taken my truck to sal street auto for years but as california leads the way in addressing global warning, electric cars and trucks will be replaced. i mean will replace gas vehicles and my husband and i placed our reservation for a rivian truck almost two years ago. we are happy that rivian has decided to become apart of haze valley and i appreciate the comments before me that they conducted their community outreach in such a proactive way. i'd like to say o

rivian's restoration of these buildings is much. the vehicle access onto linden are trying to increase the traffic, not remove it. there's a history of the rear alley being moved. we need the street parking for our customers and the traffic minimized for pedestrian safety. secondly, i would like to ask rivian to consider carving out space for another small retail store. >> secretary: thank you. sir. that is your time. >> hi, my name is sarah buker. i am a 24-year resident of hayes valley as both a renter and now a homeowner. i appreciate and support the existing businesses. i've taken my truck to sal street auto for years but as california leads the way in addressing global warning, electric cars and trucks will be replaced. i mean will replace gas vehicles and my husband and i placed our reservation for a rivian truck almost two years ago. we are happy that rivian has decided to become apart of haze valley and i appreciate the comments before me that they conducted their community outreach in such a proactive way. i'd like to say o

there is a lot of optimism about rivian getting back to ford, in has long been the key point that jimhas been hitting at we've got a strong brand people love the f-150. we need to deliver and we need to execute so if he can -- if he can do what he has said they need to do and what mr. wonderful is alluding to, yeah, they can go much higher. the question is, will they be able to execute? given this environment with the semiconductor shortages, brian because this is not necessarily a ford issue it's an industry issue, especially with covid-19 impacting so much of the chip supply coming out of asia right now. >> yeah, weiss, are you a ford believer >> i'm a believer -- >> >> steven, go ahead. >> i don't have -- i don't have an issue with ford at all. >> hardly an endorsement. >> i hear great things about them. >> how was the dinner? i don't have an issue with it. >> well i don't have an issue with it. i'm not short it but i'm not long it. i'm playing volkswagen which will be the number seller of electric cars in the world maybe next quarter but definitely next year number one they put 50

rivian talk of the street, ipo worth $80 billion.ford, think about it. with ford you're almost getting a double bet on the ev trade. liz: p-e ratio of seven which makes it very affordable and not overpriced, especially considering rich valuations we see in a lot of u.s. stocks at the moment. i have to ask ed, when you look what is going on with the chip shortage, these electric vehicles are very chip intensive. the average car uses about 34 chips. i can only imagine how f-150 all electric utilizes. is ford somehow managing this better than some of the other companies out there? >> that is a very good point, liz. i think ford is. one of the things they have done they have been communicating very well with the dealer network. they are gearing their chips to what they know will be selling. so allocating resources as they need. we seen how successful the mustang mach e is. i know they realize how successful the f-150 lightning will be. they are communicating with the dealer network to keep the chips and vehicles in supply. liz: ed, i'm g

they're each prepping ipos of their own, reddit, allbirds, crow bani, rivian, and tpg nearly half ofs interest this year are currently trading under water according to cnbc data the question is how many more will be worth buying as the market continues >> we know you'll be all over that question. meanwhile it's not just stocks getting caught in the selloff. watch crypto, already volatile but getting crushed today. bitcoin and ethereum both down big. meantime the dow dropped over 500 points we're back in a moment ♪♪ (vo) the rule in business used to be, "location, location, location." now it's, "network, network, network." so you need a network that's built right. verizon business unlimited starts with america's most reliable network. then we add the speed of verizon 5g. we provide security that's made for business and offer plans as low as $30 per line. more businesses choose verizon than any other network. we are open and ready for you. isn't it a paradox? that the love for this world that gets us out in it sometimes leaves behind the things that can harm it? but now, flight by flig

and impossible foods, plant-based meat products and toast will likely go, republic airways, stripe, rivianbig electric truck and suv company. and reddit, the online message board, is looking for bankers at least right now. the one disappointment we're a little concerned about there was a very disappointing returns on the ipo market in the first two-thirds of the year because the prices were high when interest rates went up, some of the names moved to the down side. there's the ipo etf which is an after market indicator this etf buys these ipos after the first day of trading, and you see that against the s&p, which is the orange line in the last few days, few weeks, it's outperformed. and i think, guys, this is because july and august, the prices for the ipos were coming down there was a lot of pressure. people were unhappy. they were losing money after the initial first day of trading we'll see if there's enough pressure to keep the lid on ipo mania. >> and then there's spacs. spacs overshadowed traditional ipos $80 billion raised by more than 235 spac offerings continuing into early this

rivian raised a lot of money. they have a lot of private investment as well.you look at ford, gm. fca, they put money. they have got the money and infrastructure and people to know how to build it correctly. the question, will people buy it? we're still looking 2% take. even if they double, they double that incentive for consumers, will they want it? that is the thing we don't know. consumers have limitations. no one wants to give up their freedom. charles: yeah. it just looks like the government will make it where you won't have an alternative. the only thing you will be allowed to sell is ev cars or maybe hydrogen. lauren, thank you very much. >> thank you. >> i want to bring in sylvia jablonski. on top of hydro, high droved again, one of your etfs is a hydrogen etf. you have ballard power. i've been personally waiting 25 years for these stocks to pop. is it going to happen soon? >> it has been a long wait. >> a hell of a wait. >> it's a hell of a wait. some of the best things, getting in on the ground floor takes a long time to see the performance really mu

, in the mix of this conversation is the notion that tesla's not the only game in town ford's not rivianis massive ipo is on the horizon, partly backed by ford as well as amazon there are other ways to play this space >> there are i think that's been the knock against tesla for a little why that this competition was coming and now i think you're starting to see it. so i've been wrong on tesla for a long time, but i do think that's a potential headwind of further price appreciation there. the gm story is a little ridiculous, but i think they have a big opportunity here. we've talked about gm for a long time their $35 billion spending commitment over the next five years. they're putting their money where their mouth is and i think at eight times, it's probably too cheap right here and just to go back to tesla for a second. obviously gm is not tesla and tesla has a head start and advantage in all kinds of areas, but when you're talking about a stock like gm, $80 billion market value versus a stock like tesla at a $400 billion market value, that gap is probably going to close so after the gm

so by 2023 ford rivian and gm all be making an all electric vehicle truck. so he could be the second one of the party there for the 3rd one of the 4th one. and so the first one so the spectacular management of growth for media were crowther's can get tougher and tougher for tesla and ford. well, and these other trucks look like they're going to be awesome. but still, tesla has been doing it for years. so i kind of feel like. >> maybe they got that down better than the other guys like ford. yeah, but ford's been doing manufacture cars for 100, 200 years. so there's some thoughts that maybe there's some evening out far as bandages count. but no doubt about tesla still cutting edge, cutting tesla stores. a lot of things. >> the design of the cybertruck is it looks like and so think it's an appeal to everyone now. but yeah, it is kind of cool. it. >> it's a little much for me to go to the grocery store in. it looks in the cy i need a step ladder to get up there. forget the side door wheat. and one thing about a day tinder is going match against the owner's going