Is this stock doomed?

[Green Dayz]

Why would I have bought a car with cash when I got 3.2% and can free up my cash to invest? I don't think what you are saying is correct.

Perhaps we are in the "old fashioned" category here but I agree 100%. If you have to buy a car on a loan, you simply can't afford it. Sorry if that means not having a shiny new Rivian (insert car of choice) today but doing instead something called "saving up"!

A by-product of recent cheap credit and people trying to keep up with the Jones's ... got to be seen in a brand new Range Rover I don't actually own rather than a 2nd hand Rav4 i should be in.

oh and to answer the OP, yes of course, all EVs are doomed. Rivian is doomed. Quick sell your stock, car, everything. Jeez ...

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[gordo]

Seems like the stock doesn’t want to find a bottom yet. Any idea if EVs beyond tsla are still going to be around in a few years?

it's October!!! the market always sucks in October!!!

 

[SDH]

Why would I have bought a car with cash when I got 3.2% and can free up my cash to invest? I don't think what you are saying is correct.

I did later clarify .... I'm referring to those folks (and there are many) who don't have the option to make that arbitrage. The one's who don't have $80k in their bank, but do have $10k and simply look at the monthly payments of $x and think, 'yeah I can get me a shiny new car because I earn 2$x' (for example).

Also, fair play to you, but then you have to be comfortable with the risk-adjusted return over the 3.2% (including tax etc.). Great if you can borrow at 3.2% and buy a same duration low risk bond over that rate.

 

[KiloWhathours]

Not trolling. Seems like they’re upping production, but stock keeps dropping. They got enf cash but are ICE vehicles gonna stick around longer if we have a GOP President who cuts back on EV incentives?

Look at solar stocks circa 2011, feels similar. Lots of FUD, hypothetical inflection point, anger over subsidies…

 

[Stef]

Tesla may have been first but they won't be last, I think its stock is heavily overpriced but what do I know.

Rivian will be around, maybe bought up by someone larger.

Exactly, you said it, what do you know?

 

[Yellow5]

Being a fly on the wall, I'm not sure whether the early dip today is due to fear, additional knowledge, or people recognizing that we tend to get a pullback in price once people re-learn that RIVIAN is not yet profitable and continues to use Cash reserves as planned.

 

[R1TS]

it's October!!! the market always sucks in October!!!

You're a genius!
It's November now and $RIVN is up about 6% for the month.

Curious, how much you think it will drop after earnings tomorrow?

/s

 

[Tahoe Man]

I should have gotten out of this mess when I went green with the stock around $22.

Looks like the whole EV buy at any price mania is over.

 

[SANZC02]

I should have gotten out of this mess when I went green with the stock around $22.

Looks like the whole EV buy at any price mania is over.

Unless you need the money I would just sit on it.

 

[R1TS]

I should have gotten out of this mess when I went green with the stock around $22.

Looks like the whole EV buy at any price mania is over.

Look on the (extremely) bright side. At least you didn't buy in at IPO, or higher, like many folks seem to have done as an early, loyal Rivian supporter. Being $5/share down is nothing like being $60+/share down, heh.

 

[Yellow5]

I still firmly believe that Rivian will have a new all time high prior to 2030. I'm likely in the minority, even on these forums.

 

[Tahoe Man]

Unless you need the money I would just sit on it.

Yup, that's the plan is to sit and wait. I still think $14 is the floor that won't be broken through.

 

[Tahoe Man]

Look on the (extremely) bright side. At least you didn't buy in at IPO, or higher, like many folks seem to have done as an early, loyal Rivian supporter. Being $5/share down is nothing like being $60+/share down, heh.

Agree, those investors that got in much earlier were burned very bad.

 

[R1TS]

Yup, that's the plan is to sit and wait. I still think $14 is the floor that won't be broken through.

It was in the $12's not too long ago. I think under $14 is a very plausible scenario. I hope I'm terribly wrong, though, as I'm in it in the $21's.

 

[Redline]

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