Is this stock doomed?

[Doomsday]

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?

Sponsored

 

[Dark-Fx]

Nope, Tesla won't survive either.

 

[jjswan33]

No one can answer that question... this just feels like a troll, even if not intended. Not going to bite

 

[Doomsday]

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?

 

[Donald Stanfield]

No one has a crystal ball but ICE cars are taking a hit too. Might have something to do with the 7% interest rates.

 

[Donald Stanfield]

Nope, Tesla won't survive either.

Me waiting for all the people who don't realize this is sarcasm to find it.

 

[lefkonj]

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.

 

[Dark-Fx]

Me waiting for all the people who don't realize this is sarcasm to find it.

My vote is for Giant Meteor in 2024.

 

[OldGoat]

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?

I assume you realize, but perhaps not, that the EV incentives were hit very hard last year by virtue of the addition of price caps, income caps, country of manufacture, battery content, etc. As a free market kinda guy, I don't really have an issue with evening out the playing field. My gut says EV's are hear to stay but it will be a long time before they have a dominate share of the market.

As for Rivian, it's really hard to say what's going to happen. Seems like a straddle may be a good choice, catch some $ from the ride down and hope it rallies back to catch some $ on the ride back, or visa versa, or neither.

 

[Count Orlok]

No one has a crystal ball but ICE cars are taking a hit too. Might have something to do with the 7% interest rates.

not to mention the idiots who continue to roll negative equity from car loan to car loan because they buy more than they can afford. The Count's unpopular opinion is you should never carry a car note longer than a 36 month term... even at zero % (because even at 0% you may be upside-down for a while).

As far as RIVN goes, The Count continues to hold as his tax-loss harvesting is pretty much over for 2023.

 

[Donald Stanfield]

not to mention the idiots who continue to roll negative equity from car loan to car loan because they buy more than they can afford. The Count's unpopular opinion is you should never carry a car note longer than a 36 month term... even at zero % (because even at 0% you may be upside-down for a while).

As far as RIVN goes, The Count continues to hold as his tax-loss harvesting is pretty much over for 2023.

Yeah that is my next investment goal personally, get into a tax managed account. High barrier of entry though. My view on cars is even more restrictive than yours because I think a luxury purchase shouldn't be financed at all.

 

[Count Orlok]

I think a luxury purchase shouldn't be financed at all.

The Count completely agrees although if someone with high enough income to justify 100k on a car financing for 36 months or less he can accept that.

The Count hasn't had a car loan for so long there aren't even closed auto tradelines on his consumer credit reports.

That said, if RIVN falls below 13 again The Count will be a buyer.

 

[Donald Stanfield]

The Count completely agrees although if someone with high enough income to justify 100k on a car financing for 36 months or less he can accept that.

The Count hasn't had a car loan for so long there aren't even closed auto tradelines on his consumer credit reports.

That said, if RIVN falls below 13 again The Count will be a buyer.

Me too.

 

[SDH]

My view on cars is even more restrictive than yours because I think a luxury purchase shouldn't be financed at all.

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 ...

 

[Mobius1]

My vote is for Giant Meteor in 2024.

Oh, they announced the successor to the Cybertruck already!!

Sponsored