Time sensitive answers only please!!!

You read the balance sheet of Rivian and discover that the book value of equity is negative. Yet, its market capitalization (= $ value of a share times number of shares outstanding) is positive. What can you conclude?

(2 Points)

The book value of equity and its market value are typically different, this is not uncommon.

There is an error on the balance sheet, this is not possible, the market value should be equal to the book value at all times.

The market is mispricing the stock of Rivian.