mgc0216
Well-Known Member
And exactly how does this affect a company who has already issued their IPO and collected their $13B (assuming you can't prove that what they said in their IPO was actually fraud vs. inability to execute against the plan)Profits will not necessarily be what investors are looking at. There will be no profits for several years as a startup. What investors will be looking at is performance based on projections and previous results. If RJ said the first R1S shipments have been made (which he did say), then investors will start to question why only a handful of R1S deliveries have happened in Q1! The projection of completing LE preorders by end of 2022 will be questioned when only a few thousand R1Ts have been delivered through Q1. Even if Rivian actually meets its delivery goals, then investors will start looking at the other items which Rivian used as sources of revenue (subscriptions, RAN, etc.) when selling their IPO.
Q2 means nothing in the long term success of Rivian - to call it make or break is a stretch of astronomical proportions.
Sponsored