Announcing our new "CLUBS" section where you can join or create a Rivian club or group! You can use this new feature to conveniently plan and discuss local events, gatherings or other club/group related topics.
So we encourage you to join (or start) special-interest and regional-based Rivian clubs at: https://www.rivianforums.com/forum/group-categories/clubs-groups.1/
3X higher price to book too. Its real nice to have the Saudi's propping up your stock price.I'm an idiot when it comes to investing, but can someone explain why Lucid has a higher market cap than Rivian? ~$7B less in cash, ~$1B less in revenue for 2022, ~40k less in projected production for 2023. Is it the Saudi backstop propping it up?
Rivian isn’t lacking thereSaudi money does matter.
Don't get me wrong. I hold Rivian stock and don't own Lucid. I would not even consider buying something from Saudis. But reality is that backing for company matters. Backing from Amazon and Ford is a big reason why Rivian has the money it does. Saudi has a bigger pot of money to throw around. Atleast that is the perception.Rivian isn’t lacking there
yeahhhhhh…. About that. Look up Abdul Latif Jameel.Don't get me wrong. I hold Rivian stock and don't own Lucid. I would not even consider buying something from Saudis. But reality is that backing for company matters. Backing from Amazon and Ford is a big reason why Rivian has the money it does. Saudi has a bigger pot of money to throw around. Atleast that is the perception.
Bezos is worth 100-200 billion. Saudis royal family alone is worth 1.4 T. They also own/control a country. If they think there is a long term play, they will pour money.
Yassss…. Fellow part time New Mexican. I also bought another 1000 today.I have 3,175 shares so what's another 1,000 shares?
Interesting moral dilemma. Is it worth questionable funds for a greater good? Money from a country that has poor human rights to help offset the impact of ICE?yeahhhhhh…. About that. Look up Abdul Latif Jameel.