RIVIAN STOCK

[SANZC02]

Comparing apple seeds to apples.

I’ve just never been able to pull the trigger on Tesla stock. Can’t get past the P/E, it is coming down but still in the stratosphere at 211.

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[NY_Rob]

Almost to a person, posters here said they "were in for the long haul" with Rivian so this is not the end of the wold as we know it.

 

[Max]

Almost to a person, posters here said they "were in for the long haul" with Rivian so this is not the end of the wold as we know it.

I never understood what that exactly means. Both GM and Tesla are success stories. Which long haul people have in mind? If it is GM, IPO price had already assumed success and priced accordingly so there were nowhere to go from there. So they must mean Tesla. Do anyone really expect a first mover in EV Truck market to be the same as First mover in EV market? And having a year head start to be the same as having a decade head start? I am a big Rivian fan and I own stock but I don’t expect to get rich off of it.

 

[SANZC02]

Almost to a person, posters here said they "were in for the long haul" with Rivian so this is not the end of the wold as we know it.

But a great opportunity to lower your average price, I’ve got mine down to 50.62.

Curious where it will be at the end of 2023.

 

[Craigins]

Related? https://apnews.com/press-release/gl...ic-offerings-804ef115dff0ea4880ec787efb2bd493

these are so funny. Plainly stated in the S-1 A3:

We face significant challenges as a new entrant into the automotive industry.

We have a short operating history in the automobile industry, which is continuously evolving. We have no experience as an organization in high volume manufacturing of EVs. We cannot assure you that we will be able to develop efficient, automated, cost-efficient manufacturing capability and processes, and reliable sources of component supplies that will enable us to meet the quality, price, engineering, design and production standards, as well as the production volumes, required to successfully mass produce the R1T, R1S, EDV, and future vehicles.

.....

Factors affecting competition include product performance and quality, technological innovation, customer experience, brand differentiation, product design, pricing and TCO, and manufacturing scale and efficiency. Increased competition may lead to lower vehicle unit sales and increased inventory, which may result in downward price pressure and adversely affect our business, prospects, financial condition, results of operations, and cash flows.

....

Any attempts to increase the announced or expected prices of our vehicles in response to increased costs could be viewed negatively by our potential customers and could adversely affect our business, prospects, financial condition, results of operations, and cash flows.

 

[stynes]

I added nearly 500 shares today at <$34.

 

[manitou202]

Like any of the other EV startups, or companies in new disruptive fields, there is tremendous risk. In 8-10 years they will either be worth $0 or 5-10X their current value. It's all part of the game.

They are at least getting down to a reasonable level of risk. Their IPO price and the run up that followed was ridiculous.

 

[RoadRunner]

I’ve just never been able to pull the trigger on Tesla stock. Can’t get past the P/E, it is coming down but still in the stratosphere at 211.

I'm a latecomer to both Tesla and Rivian, and most of my stock investments are in an IRA S&P 500 index fund. I tend not to invest in individual stocks much as I'm an amateur, don't follow the markets that closely and the S&P index fund results over the long term tend to be better than active stock management.

I am pretty excited about Rivian though and after putting in a Jan 2021 preorder I bought 11 shares of Rivian at ~84 and then another 24 at ~42. I figured if they do well it might help pay for my R1S in the long run...

I did buy 8 shares in Tesla in Sep 2020 for $355-385 before they got added to the S&P. I sold them the other day at $1019 and bought a bunch more Rivian at around $38. Since then Tesla is up and Rivian is down...but I'm tempted to buy more Rivian now that it's below $34.

This is all in an IRA and for the long haul, so I'm not worried about the short term. Tesla may be a better investment with their scale, vertical integration and all their various projects etc but who knows, a lot of that is priced in already and some of it may never happen and/or be a huge waste of $$. As you said the P/E is so ridiculously high.

Rivian seems like it has a lot more upside potential to me, even in the 1-2 year timeframe, with analyst targets in the $80-120 range and revenue/deliveries just now starting to happen. Long term potential seems huge if they are able to scale up, open the GA factory and then expand to Europe etc.

But who knows how long the parts and battery shortages will last, and if they go on too long then maybe Rivian goes out of business? Or gets bought out by a bigger player?

Either way, Musk seems like such a loose cannon that I'm done with Tesla at least for now. RJ seems pretty solid/stable by comparison even if the communication is lacking. Between the Twitter brewhaha, SEC issues, quality control and service issues, FSD debacle, Mars pipedream, etc, I decided to take my nearly 3X profit out of Tesla and bet on Rivian to get their shit together.

 

[St Bernard]

I'm a latecomer to both Tesla and Rivian, and most of my stock investments are in an IRA S&P 500 index fund. I tend not to invest in individual stocks much as I'm an amateur, don't follow the markets that closely and the S&P index fund results over the long term tend to be better than active stock management.

I am pretty excited about Rivian though and after putting in a Jan 2021 preorder I bought 11 shares of Rivian at ~84 and then another 24 at ~42. I figured if they do well it might help pay for my R1S in the long run...

I did buy 8 shares in Tesla in Sep 2020 for $355-385 before they got added to the S&P. I sold them the other day at $1019 and bought a bunch more Rivian at around $38. Since then Tesla is up and Rivian is down...but I'm tempted to buy more Rivian now that it's below $34.

This is all in an IRA and for the long haul, so I'm not worried about the short term. Tesla may be a better investment with their scale, vertical integration and all their various projects etc but who knows, a lot of that is priced in already and some of it may never happen and/or be a huge waste of $$. As you said the P/E is so ridiculously high.

Rivian seems like it has a lot more upside potential to me, even in the 1-2 year timeframe, with analyst targets in the $80-120 range and revenue/deliveries just now starting to happen. Long term potential seems huge if they are able to scale up, open the GA factory and then expand to Europe etc.

But who knows how long the parts and battery shortages will last, and if they go on too long then maybe Rivian goes out of business? Or gets bought out by a bigger player?

Either way, Musk seems like such a loose cannon that I'm done with Tesla at least for now. RJ seems pretty solid/stable by comparison even if the communication is lacking. Between the Twitter brewhaha, SEC issues, quality control and service issues, FSD debacle, Mars pipedream, etc, I decided to take my nearly 3X profit out of Tesla and bet on Rivian to get their shit together.

RJ may be “solid” but they need a real CEO. I have said before they need someone who has run a large organization and understands how to communicate. RJ should concentrate on Design and Innovation. They still cannot deliver the RIS.

 

[RoadRunner]

RJ may be “solid” but they need a real CEO. I have said before they need someone who has run a large organization and understands how to communicate. RJ should concentrate on Design and Innovation. They still cannot deliver the RIS.

You're probably right that they need a new CEO. And R1S deliveries cannot come soon enough.

 

[SANZC02]

You're probably right that they need a new CEO. And R1S deliveries cannot come soon enough.

I think Q2 numbers will tell us a lot.

We are still seeing a lot of R1Ts being delivered. I have seen several shots of the factory and parking lot with a lot of EDVs and R1TS so we know they are rolling off the lines.

Pretty sure the floodgates will open soon (real definition not Rivian’s) for the R1S and a decent amount will be delivered in May and June.

 

[jjswan33]

I personally would love to add to my Rivian stock holdings at the current prices. One thing I have always believed is buy companies where you like the products they sell, not fool proof but the truck is awesome so I have to assume others will think so too.

Now figuring the right time to reduce my INTC holdings is really my debate.

 

[RoadRunner]

Bought more RIVN today at 33.60, seems like a bargain basement price but who knows anymore?!

 

[mini2nut]

I added nearly 500 shares today at <$34.

Your $17k investment will most likely payoff in the long haul. Smart move.

 

[NY_Rob]

I added nearly 500 shares today at <$34.

Balls! ?

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