Same here, but hopefully with you as it is with me it's a very small percentage of my overall investment worth. My investment in RIVN when I made it was about 0.3%. Thankfully I didn't invest more than that, but that wasn't my intentions anyways. It still sucks even buying it at $19 it has been...
I wasn't expecting a Tesla rocket at all. I jumped in at $19.
Tesla has their giant valuation due to their promises of self driving, self taxi, good margins, etc that bring in $$$.
Yes, they're anti-ev. Some people want to make statements by what they drive, such as the lifted pickups with oversized tires sticking out and the flag sticking out is the bed. At any rate the older I get the more I realize how dangerous public roads are because there's a lot of freaks out there.
The writing was on the wall weeks ago when CNBC LeBeau cornered RJ regarding having to go back for another capital raise.
Nothing is going to be easy for Rivian going forward. RIVN hitting new lows just adds to their misery.
On some auto brake systems the goal isn't to necessarily prevent a collision but to lessen the impact of it by auto braking. Perhaps that what happened here.
Still sucks but at least nobody is hurt.
What matters is investor confidence and as of now, it sucks, in fact on really really sucks. Confidence means access to money and at discounted rates.
This has been the worst purchase I've made in a long time. This turd has now breached into single digits. Amazing the fanfare from the fanboys...
Looks like a piece of shit. Can't the shit-holes in society figure out how to actually stop being a fricken drag on society? Is it really that difficult???
Counterpoints add to discussions. Everyone writing Rivian kumbaya drivel, aka confirmation bias, is really evident in this thread.
The first post would have been somewhat comical if it wasn't an almost deadly outcome in that the op had to state he's pro Rivian time and time again for acceptance...
But these systems are just driving on a freeway and requiring the driver to be a second pair of eyes and hands to take over when necessary. It's amazing how the brain of a four year old can detect, recognize and avoid objects when running around, yet it's very difficult with today's advanced...