Rivian has more cash on hand and more upside. No reason why it didn't pop on Friday. Frankly, I think institutional investors are waiting until Trump takes office to see what will happen to EV.
Specifically, I believe they have lost an increasing amount each year for the last 20+ years. Many other companies have been receiving last minute loans and grants through a variety of departments toward the end of this administration. Expecting each stock to trade independently of broader sentiment and on their own merits based on their own specific funding agreements is unrealistic. I could be wrong on RIVN, but for now I am anticipating shares to be stagnant or sell off to some extent until a clearer picture on R2/R3 production comes to light. Personally, I would stick to the options for now, and then pick up investing shares at hopefully a lower price point at or as the future production shapes up.
When you're up 50% - 100%, it's enticing to take some money off the table. Some people believe the stock will be volatile until 2027, so they will jump out during a run and jump in during a dip.
Agreed. I already paid off my R1S doing this, but I also do cash secure puts.
Consider cash secure puts to earn some premium. Worse case you get executed and own it at the price you set. That's how I got stuck with so many shares ?
When your basis is at all time low, then I can make a decision when to exit. How much is the issue.
We bought several HUNDRED shares at the IPO at $179(ish) a share. It went up, like, $2 a share in a day or so, then Ford announced they were pulling out... I got out at $120 a share as the stock plummeted like a cannonball. I was able to declare the loss on my taxes the next year (which helped!). Not grousing or grumbling. It was what it was. It certainly did not sour me on Rivian!
I feel you. I lost my shirt on a few IPO stocks myself. As for Trump, Elon, and Vivek trying to roll back the DOE loan, that's legally not going to happen. Don't believe the internet. We won't have a clear vision of Rivian until the plant is built and operational. We will an idea when they start delivering the R2 in 2026.
