Is this stock doomed?

[jjswan33]

Politics aren't really welcome here but it's more of a refrain that any of the candidates one can vote for as President are terrible options and everything is going to burn down anyway, so why vote for the lesser?

It's a choice between a flame thrower or a Bic.

Sure they are both going to start a fire but which one are you more concerned about

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[kylealden]

And how did you do in the market? Was it flee market or farmers market? The stock market has done nothing in the past two years.

Doesn't matter. Time in market, not time the market.

(But if it helps, I'm up ~50% since my R1T was delivered 18 months ago.)

 

[darren1f]

No automotive stocks are doing well right now. The industry is a bit of a mess at the moment. Rivian won’t see improvement until interest rates improve or they offer a mass market vehicle. The R2 platform.

 

[izgoy]

Doesn't matter. Time in market, not time the market.

(But if it helps, I'm up ~50% since my R1T was delivered 18 months ago.)

LOL

 

[Donald Stanfield]

Go on a long road trip and then tell us how you feel.

I will be in 3 weeks and I'm not at all worried about it.

 

[izgoy]

I will be in 3 weeks and I'm not at all worried about it.

You don't need to be worried about it. Being annoyed is plenty. I've put over 15,000 miles on my two EVs along road trips. One of the two is a non-Tesla. My last trip in it was 6500 miles. I was annoyed with the charging issues I had.

 

[izgoy]

LOOK At Tesla stock history and sales history.....It was under $50 (WAY UNDER) until 2020.

TSLA actually belongs at $50 today.

With their current gross and net profits, they should have the same P/E ratio as Ford and GM. Their current P/E is 67. GM is at P/E 3.9 and Ford is at P/E 9.9.

For Tesla to be at the same P/E as Ford, the TSLA stock needs to be $35. So, TSLA at $50/share is where TSLA belongs, and that's a very optimistic view. Throw in all of their solar business and battery backup business and double the P/E.

$100 per share wold be about P/E 30, which is the P/E range of Apple, Microsoft, and Google.

Today TSLA is $208. It's overvalued by 100% in the most optimistic for Tesla scenario.

 

[Zoidz]

Forgot taxes? Also, please post the name of the bank that pays 5.5%.

USSFCU current rates almost 5.5%

My loan is 4.49%, my certificate was 5.19% when I took out the loan.

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[izgoy]

USSFCU current rates almost 5.5%

My loan is 4.49%, my certificate was 5.19% when I took out the loan.

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And you think you are ahead?

 

[Zoidz]

And you think you are ahead?

Yes, but not in the way that you are presuming.

 

[SANZC02]

Go on a long road trip and then tell us how you feel.

Bought my first EV in 2016, was waiting since then for an EV to replace my Jeep GC.

Picked up my R1S in Normal this past January, did a 5100 mile road trip on my way back to CA, do not see myself ever purchasing another ICE vehicle. Going to be taking another trip after the first of the year, probably be closer to 6500 miles this time and will be doing it in an EV.

 

[hawk4326]

Go on a long road trip and then tell us how you feel.

Haven't made a long trip but I've already considered longer charge time for long trips before buying an EV. I rarely make long (1000 miles) trips anyways. I don't miss the gas station either.

 

[MXA121]

Let's look at the doomsday topics in the press related to EVs
- GM cancelling their stated goals of 100k more BEVs this year and 400k next year. (makes sense with the strikes and delay of product launches for BEVs that people want)
- Ford pushing out their 12B investment in EVs, citing low demand, Mach E are sitting on lots. (dealer markup ring a bell? I remember calling on a Mach E, markup, bought a Tesla.)
- Honda cancelled relationship with GM to build a low cost EV. (likely based on GM)
- Toyota feeling good about this news since they are way behind as it is. (feeling good but losing market share to the likes of Tesla?)

All of this is good news for Rivian - even though the stock is down today. Gives them more time to build out and ramp up, gain market share, improve their products. Even the CT launch makes the R1T value look pretty dang good in comparison.

 

[SDH]

Financing or paying cash, if we want to get technical and get on our frugal high horse; none of us (by rule of thumb) should be purchasing any vehicle in which price exceeds 35% of pre-retirement or post-retirement gross annual income. Meaning if you did not or do not make over 250-270k/yr you have indulged. Also meaning those who “technically” purchased w/o indulging would, in most cases, not qualify for EV tax credits either.

Kind of agree, except those who snuck in in 2022 with the old tax incentive where there were no income limits. Whoop, Whoop !!!

 

[evguy]

Let's look at the doomsday topics in the press related to EVs
- GM cancelling their stated goals of 100k more BEVs this year and 400k next year. (makes sense with the strikes and delay of product launches for BEVs that people want)
- Ford pushing out their 12B investment in EVs, citing low demand, Mach E are sitting on lots. (dealer markup ring a bell? I remember calling on a Mach E, markup, bought a Tesla.)
- Honda cancelled relationship with GM to build a low cost EV. (likely based on GM)
- Toyota feeling good about this news since they are way behind as it is. (feeling good but losing market share to the likes of Tesla?)

All of this is good news for Rivian - even though the stock is down today. Gives them more time to build out and ramp up, gain market share, improve their products. Even the CT launch makes the R1T value look pretty dang good in comparison.

I agree these trends favor Rivian. Hoping they hit the ground running with R2 production in 2026.

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