RIVIAN STOCK

[Max]

I still can't believe people sold their stock at a loss so quickly.

It turnd out not to be a bad decision. They can get back in at lower price today and who knows may be even lower tomorrow.

I would have accepted a more informational message about supply chain costs, 50% of the price increase for preorder holders, and $1000 toward free accessories or something. Pre-order holders needed to still see they were getting a deal, even if it wasn't the original deal.

These are the things we use our inner voices for not be said out loud in public


Edit: Regardless of short term news, if you want to go back in long term, you have to ask yourself, where does Rivian really belong on this list in a few years:

https://companiesmarketcap.com/automakers/largest-automakers-by-market-cap/

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[Keith_Been_Waiting]

so damn close!

Alright,

SO I executed 500 shares at $50.09 with a stop loss at $46.73
Let's see where the market takes us today and by 3/10

 

[JMACCA]

What's the sentiment here?
Do you think given this (and this being a really very nice letter and clear apology, admittance and reversal), the stock will rebound?
Already seeing the sell orders from last night completing but a lot more buy orders balancing that and pushing it up.

Last night I was feeling the pain of having my order increase $12K in cost and watching a massive stock loss. I think this like many startups will be a bumpy road but the fundamentals of advanced engineering accompanied by a solid bussiness model will result in success. RJ's well written letter will help advance the company and serve as a great model of what separates this bussiness from its competitors.....do you think Elon Musk would have sense of responsibility to ever publicly admit a mistake and take such personal responsibility for it?

 

[Keith_Been_Waiting]

....do you think Elon Musk would have sense of responsibility to ever publicly admit a mistake and take such personal responsibility for it?

When it happened, and their was an investor backlash, he did apologize publicly:

https://www.cnbc.com/2018/07/18/elo...ish-cave-diver-followingbaseless-pedo-gu.html

 

[Max]

.....do you think Elon Musk would have sense of responsibility to ever publicly admit a mistake and take such personal responsibility for it?

I am not convinced in being nice and being successful in business always have a cause and effect relationship.

Tesla's market cap: $885 B
Rivian: $46 B

I am not a Tesla fan at all and much Rather drive a Rivian but when it comes to business, I am not convinced, Rivian will do as well.

 

[Scoiatael]

I still have some concerns about RIVN at this point:

1. The stock market hates uncertainty, and its clear Rivian doesn't understand their customer base.
2. Rivian will be selling the first 50k vehicles at a loss. I'm still assuming not everyone who canceled will come back, especially those who aren't rabid fans like people here. How people will react to this is important.
3. Rivian killed a lot of their sentiment. They were just on the verge of starting real customer deliveries, and they picked a horrible time to announce the price increase.

I sold all my stock yesterday, bought puts and managed to make back most of the money I lost. I'm still down a couple grand, but I've had far worse trades before. I sold 4 $55 puts expiring next week, and if the stock doesn't rebound by next week, I'll own 400 shares at $55. My guess is we bounce back to at least $60 before earnings and I will buy back my puts for a good gain. We'll see what happens though.

 

[lostpacket]

I am not convinced in being nice and being successful in business always have a cause and effect relationship.

Tesla's market cap: $885 B
Rivian: $46 B

I am not a Tesla fan at all and much Rather drive a Rivian but when it comes to business, I am not convinced, Rivian will do as well.

I think both being nice and being ruthless can work. Whenever I think about this I think about the wholesale/warehouse-membership stores Sam's Club and Costco

Both have found success and one is generally considered ethical, the other not so much

 

[Max]

I think both being nice and being ruthless can work. Whenever I think about this I think about the wholesale/warehouse-membership stores Sam's Club and Costco

Both have found success and one is generally considered ethical, the other not so much

Just imagine what the combination of looking nice but being ruthless can do. I hope this is not what Rivian was going for.

 

[Sgt Beavis]

WOW.. $48.10
I didn’t hit my limit order yesterday so I put in a new one at 300 shares for $49.

 

[JerseyGreens]

WOW.. $48.10
I didn’t hit my limit order yesterday so I put in a new one at 300 shares for $49.

How do you feel right now? Warm and fuzzies for owning 300 shares or...are you like damn what the heck is happening!?

 

[stickyfingers]

Yes that was very well received !! I know it made me feel better.
But having said that, don't you think he would have known all of this?
Could it be that yesterdays comms were not finalized and got sent out?

I agree with this. There is no way RJ didn't sign off on that price increase comms. I like the guy but this will always stick with him. This wasn't thought through properly. You'd think they would have done focus groups/etc... or spent all that time they had when there was barely any communication from Rivian to come with a better messaging on increases. Heck I think I would have paid the inflationary 7-8% increase but no I don't want to.

 

[stickyfingers]

WOW.. $48.10
I didn’t hit my limit order yesterday so I put in a new one at 300 shares for $49.

This is going down further. It will be volatile until Mar 10 - but we will see what happens after the call. My bet is, as others have pontificated, that the stock will trend downwards until Q2 and hopefully they've delivered a good amount of vehicles to pre-order holders to show some traction.

I had a limit order for $50 which I removed before the price hike debacle. I will be re-adjusting my limit order to $40 and potentially down to $35. That would create a good ramp for future.

 

[Sgt Beavis]

How do you feel right now? Warm and fuzzies for owning 300 shares or...are you like damn what the heck is happening!?

I’m intent on holding this for at least a year, so I’m pretty happy to get it at this level. I had originally bought 150 shares at $100. I should have sold sooner but I got out at $127. I had intended to hold that 150 shares for a lot longer but the volatility got to me. I’m glad I let it.

Today’s losses are with the rest of the market. I think it’ll be OK over the long run.

 

[grantsi]

As an early R1S LE order holder I was happy to save a few $$$, although the price hike did not cause me to question whether i wanted the vehicle. However, as a shareholder ( IPO + many more ) I was frankly disappointed that they came back and honored the old “Estimated” prices. Those prices hikes were the product of an accounting exercise and while the roll out was “bull in a china shop” material it was ultimately done for the benefit of the company ( and shareholders ). Even after the price hike there was no shortage of buyers for $90+ vehicles - i would happily pay it and feel i got a good deal - however - the flip/flop from yesterday has materially changed my opinion of the stock - it is a company without pricing power or direction - I will continue writing / rolling calls and making good money off this but feel the company set itself up for disappointing equity performance when they cratered to the bad press.

 

[grantsi]

This is going down further. It will be volatile until Mar 10 - but we will see what happens after the call. My bet is, as others have pontificated, that the stock will trend downwards until Q2 and hopefully they've delivered a good amount of vehicles to pre-order holders to show some traction.

I had a limit order for $50 which I removed before the price hike debacle. I will be re-adjusting my limit order to $40 and potentially down to $35. That would create a good ramp for future.

Those deliveries would have been positive news until the company chickened out and decided to accept years of meaningful losses per unit delivered by honoring the old “estimated” price

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