RIVIAN STOCK

[moosehead]

During the earning's call in 6 days, we will undoubtedly hear about the pricing drama, cancellations, cancelled cancellations, production and deliveries.

Stay focused Rivian, stand tall, shore up your C-Suite, and execute production of the R1T and R1S.

In the short-term, please let's see unit production, service center and charging network growth, and many new depositors willingly paying whatever increased price is warranted. Perhaps address evolving battery tech and pipeline.

However, the nausea of the past two days will return if any time is spent talking about Ebikes, tonneau sunroofs, and Apple Carplay. Keep it in the fairway. Hit a knockdown 7 iron if you have to.

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[stickyfingers]

Those deliveries would have been positive news until the company chickened out and decided to accept years of meaningful losses per unit delivered by honoring the old “estimated” price

They butchered this and backed themselves in a corner. They'll have to eat some humble pie for a while. I'm a little concerned that the *new* price for new orders does price a lot of people out of the market. That's just my opinion but time will tell. Inflation is PITA.

 

[grantsi]

They butchered this and backed themselves in a corner. They'll have to eat some humble pie for a while. I'm a little concerned that the *new* price for new orders does price a lot of people out of the market. That's just my opinion but time will tell. Inflation is PITA.

I don’t think it prices anyone out of the market - I really liked the Aston Martin SUV but felt it was a little rich for my blood…i don’t resent AM for pricing their product beyond my comfort level and they shouldn’t care because their addressable market is huge. Rivian is ( and was ) a more premium priced product - while I can only speak for the Chicagoland area, there is seemingly unlimited demand for $100k+ cars - even at $93k I think the R1S is “Cheap” on a relative basis. The model X is $100+, hybrid Range Rover ( i realize not apples-to-apples ) will be $125+, BMW iX $90+, Cayenne Hybrid $115+ etc…and dealers can’t keep them on the floor. Rivian is short changing themselves and made a big mistake when they bungled the price increase and subsequent roll back - inflation since 2018 is real - how they think they can be successful delivering vehicles while ignoring that fact is bad news for equity investors.

 

[White Shadow]

It turnd out not to be a bad decision. They can get back in at lower price today and who knows may be even lower tomorrow.

Depends where they purchased. The stock is only down a few dollars from two days ago when people sold on emotion. If they purchased at IPO, they still lost out. But who knows, the market in general is really unstable for a lot of different reasons these days.

 

[Scoiatael]

Whole market is tanking today. Hopefully we see a rebound next week for earnings call hype.

 

[SilverII]

I got RIVN at $100, then again at $90, again at $75, and again $50. I think will buy more at $45.

I think I am doing this wrong

 

[White Shadow]

....Rivian will be selling the first 50k vehicles at a loss...

Tesla sold almost all of their cars at a loss. They may still be selling cars at a loss...I'm not really sure.

 

[shamoo]

I don’t think it prices anyone out of the market - I really liked the Aston Martin SUV but felt it was a little rich for my blood…i don’t resent AM for pricing their product beyond my comfort level and they shouldn’t care because their addressable market is huge. Rivian is ( and was ) a more premium priced product - while I can only speak for the Chicagoland area, there is seemingly unlimited demand for $100k+ cars - even at $93k I think the R1S is “Cheap” on a relative basis. The model X is $100+, hybrid Range Rover ( i realize not apples-to-apples ) will be $125+, BMW iX $90+, Cayenne Hybrid $115+ etc…and dealers can’t keep them on the floor. Rivian is short changing themselves and made a big mistake when they bungled the price increase and subsequent roll back - inflation since 2018 is real - how they think they can be successful delivering vehicles while ignoring that fact is bad news for equity investors.

And none of those cars are matched with Rivian in performance or off-road capability.

I'm a big fan of high horsepower SUVs. Porsche Cayenne will need to be at Turbo S or Turbo GT spec to be comparable and with their big brakes, you can't put off-road tires on it. BMW X5M competition with options will be $150+. Also no off-road (I have one). Range Rover SVR same. Mercedes G63 is really the only contender, but at $220K+.

So yes, in total agreement.

 

[kurtlikevonnegut]

I think EV stocks in general will be in a good spot in the next few weeks as the impact of war in Ukraine and the trickle down effects of oil shortages continue to hit.

I personally think it's going to get worse before it gets better, but ultimately higher gas prices and scarcity should have a positive effect on EV interests.

 

[White Shadow]

I got RIVN at $100, then again at $90, again at $75, and again $50. I think will buy more at $45

I got in for the first time at $53. I'm just going to hold and see where this goes. I fully expected the stock price to rise yesterday on the price reversing news, but I think other market forces just held everything down. My entire stock portfolio took a big hit yesterday and isn't much better today either.

 

[White Shadow]

I think EV stocks in general will be in a good spot in the next few weeks as the impact of war in Ukraine and the trickle down effects of oil shortages continue to hit.

I personally think it's going to get worse before it gets better, but ultimately higher gas prices and scarcity should have a positive effect on EV interests.

I agree. I have stock now in Rivian, Charge Point, Nio, QuantamScape (solid state batteries), and of course Global X Lithium ETF, which is all about EV stocks. So I'll wait to see how everything moves over the coming weeks and months.

 

[JerseyGreens]

Keep buying on the way down if you believe in their tech.

 

[kurtlikevonnegut]

I agree. I have stock now in Rivian, Charge Point, Nio, QuantamScape (solid state batteries), and of course Global X Lithium ETF, which is all about EV stocks. So I'll wait to see how everything moves over the coming weeks and months.

I've been looking at the Global X Lithium ETF as well as some other EV ETFs to diversify my RIVN position. In the short term I put all of that into defense and natural gas ETFs but when I think the time is right I'll move those into EV focused ETFs. Personally I think things will get much worse before they get better and it may be a few months before things become stable again.

 

[White Shadow]

I've been looking at the Global X Lithium ETF as well as some other EV ETFs to diversify my RIVN position. In the short term I put all of that into defense and natural gas ETFs but when I think the time is right I'll move those into EV focused ETFs. Personally I think things will get much worse before they get better and it may be a few months before things become stable again.

Sure. I'm in already, but I'm in for the long haul. The way I figure it, EV stocks in general should continue to grow over time. I really can't see the category tanking at this point.

 

[sub]

I purchased a few more shares today, but I think the price is likely going to drop further next time Rivian announces another set of sales/production numbers. I think the current share price is reflecting planned production rate, and not the (much smaller) rate that it seems like we are at based on the number of confirmed deliveries on social media.

I also don't see the apology letter / decision to honor the original price as doing much to restore value from an investor perspective.

As an investor, their very competitive pricing was big part of my appeal. If that pricing really wasn't sustainable (as the letters implied) I have less faith in their long-term success.

If the price hike was just Rivian believing the current market would bear the higher price and they were lying about inflation/materials being the reason for the hike, then the higher price was a good thing for investors. It should have resulted in a higher profit margin and at least short term there should have been plenty of demand to support the higher price. But the quick reversion seems to indicate that Rivian found that market could not bear the higher price which is troubling when you consider that everyone else has raised their prices this year. They should have not had any problem finding sufficient demand at the higher price. So again nothing that happened this week was good news from an investor perspective.

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