Why is RIVN Relatively Stable

[pamalabama]

FYI, Robo taxi is never coming, at least not in any way shape or form that musk is saying it will. The Robo taxis launching in Austin are a full con job and a total invalidation of Tesla‘s model for full self driving. It’s a gated environment with highly mapped roads Loaded into those particular vehicles. And if it ever rains in Austin hard enough, they’ll be no Robo taxi going anywhere. But as we can see, purchases of their stock don’t care about those facts as they continue to drive up the price based on as yet invalidated tech for self driving and robotics.

Tesla can drive in rain, snow, at night, fog, etc.

The car seems to see better than I can in these scenarios

They are doing unsupervised rides with remote operator. Waymo has not mentioned how many people are monitoring each robotaxi per car because they don't want people to know

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[Nacho Rivian]

What are your thoughts on why the Rivian stock has been relatively stable these days? “Relatively” because there is always volatility, but it’s not sinking like it could in this unstable economy. I’m wondering if it’s because the R2/R3 production seems to be going on schedule for next year?

1. Rich people don't care about bad economy
2. Elon messed up Tesla so much
3. Rivian trucks are so satisfying

 

[Hereforthesnacks]

It seems speculators/shorters have been putting downward pressure on this stock for some time now. Don't you think they will continue to try, and possibly succeed, to keep the price down even if R2 is successfully launched?

Have you seen evidence of short selling? I haven’t. Tesla has, but Rivian has relatively low trade activity.

 

[captainjp]

They are doing unsupervised rides with remote operator

Huh? How is a ride unsupervised with a remote operator? Lol

 

[pamalabama]

Huh? How is a ride unsupervised with a remote operator? Lol

Unsupervised referring to level 4. Waymo supervises to some extent too

remote operator referring to no driver in the seat and maybe drive at times. This is what chinese robotaxi do

 

[ThirteenElectrics]

Interesting. But as a very early adapter (serial in 3000 range) I'm very impressed not only with the quality of my truck after three years of ownership but more important the continued time, energy, and focus on continued innovation with updates and new vehicles.

My three Rivians have had terrible quality issues, and the software is little better. I’m glad it worked out for you, though!

 

[Christopher1000]

My three Rivians have had terrible quality issues, and the software is little better. I’m glad it worked out for you, though!

maybe you should get a fourth.

 

[richguess]

Stable range great for covered call sellers.

 

[captainjp]

Unsupervised referring to level 4. Waymo supervises to some extent too

remote operator referring to no driver in the seat and maybe drive at times. This is what chinese robotaxi do

Not buying it.

 

[pamalabama]

Not buying it.

Not buying what? The fact that they are doing what other robotaxi are doing just small-scale for the initial rollout? It would not be much different than what zoox is doing

 

[captainjp]

Not buying what? The fact that they are doing what other robotaxi are doing just small-scale for the initial rollout? It would not be much different than what zoox is doing

There’s a remote operator because there’s not enough faith in their system to not. They’re basically doing what the military does with Predator drones.

 

[pamalabama]

There’s a remote operator because there’s not enough faith in their system to not. They’re basically doing what the military does with Predator drones.

Remote operator is to monitor and guide the car in complex situations. No one has solved general purpose autonomy or there would be self driving cars everywhere

There's only so much you can see as remote monitor and there is confidence enough that the car is not going to crash into a person or another car

 

[Jonger1150]

Mostly because its status quo - nothing good or bad.

Average volume is down to 30m/day or thereabouts for the last 90 days and the total float is about 1.12b. Less than 3% traded daily.

Many investors have lost interest and patience with Rivian currently.

Any investor that doesn't factor the R2 & R3 launch into the equation isn't versed in Rivian as a company. Nothing before that launch matters.

Maybe the economy crumbling. That could sink everyone though.

 

[captainjp]

Not buying what? The fact that they are doing what other robotaxi are doing just small-scale for the initial rollout? It would not be much different than what zoox is doing

Still not buying it. Seems like a knockoff to me. May as well have a person in the driver’s seat doing the same thing. Don’t think people will ride in them.

 

[Donald Stanfield]

Is anyone surprised Elon is having remote operators in his robo taxi when he had a guy in a robot costume debut his Optimus robot? Or when he used the actual robots he had them under remote control as well.

The emperor has no clothes.

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