The analysis focuses on Rivian (RIVN) stock. The presenter discusses the company's recent announcement of layoffs as part of restructuring efforts ahead of launching the R2 SUV. The intrinsic value calculated for Rivian is $3.51, while the current market price is over $13, leading to the conclusion that the stock is overvalued. Despite recent declines, the analysis suggests the share price remains overvalued. The company is hoping to price the R2 model at about $45,000. Tesla has eroded its brand loyalty, creating a potential opportunity for Rivian to capture market share. The analyst considers the EV demand situation. The analysis warns against EV purchases even with incentives.