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Who’s Buyin’?

Are you buying @ sub $16?


  • Total voters
    65
  • Poll closed .

tyfly867

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Just curious as to what people are thinking?
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jplblue

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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?
 

jjswan33

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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?
3X higher price to book too. Its real nice to have the Saudi's propping up your stock price.
 

CrazyOne

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Saudi money 💰 does matter.
 

crashmtb

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MountainBikeDude

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I think it's a steal, but I wouldn't expect it to crest 30/share for a few years yet.
 

Count Orlok

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I have 3,175 shares so what's another 1,000 shares?
 

CrazyOne

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Rivian isn’t lacking there
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.
 

crashmtb

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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.
yeahhhhhh…. About that. Look up Abdul Latif Jameel.
 

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tyfly867

tyfly867

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Also maxed out the IPO, so I see this time as an opportunity to bring down my average purchase price.
 

swhme

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uthatch

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yeahhhhhh…. About that. Look up Abdul Latif Jameel.
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?

I like things that tie my brain in knots. 🤪
 

Nix

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I just started to buy at the beginning of the year, buying dips in the 15's and 16's. But not going in too fast while watching to see if 15-16 holds a firm bottom. Fully prepared to chase it down to the 12's if needed if the bottom doesn't hold.

Or on the flip side, I'm ready to walk away until closer to 2026 R2 launch if prices jump significantly before seeing quarterly numbers first that justify it, or if it drops below 12.
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