Why RIVN Rising

[Christopher1000]

I’m not sure I agree that this is a gambling stock unless you’re in it for only the short term. Some may be into this as an actual long term investment.

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[OverEasyGoing]

I have nothing more than anecdotal experience to back this up - but I've seen a handful of non-Amazon EDVs recently. I'm hopeful they will start selling a ton of these and boost overall revenue and vehicle sales.

 

[mkg3]

I’m not sure I agree that this is a gambling stock unless you’re in it for only the short term. Some may be into this as an actual long term investment.

I don't believe any of us are saying $RIVN is a gambling stock. The gambling reference came in when it was mentioned that $TSLA P/E ratio is so high that it irrational, and no logic to it, like gambling, to most investors who care about the valuation. Banter followed.

$RIVN is essentially dead money until R2 starts delivering. Until then it's range bound between $10~$15/share. Of course if you buy enough of it at $10, then sell at $15, its a hefty 50% profit that means something.

 

[Christopher1000]

I don't believe any of us are saying $RIVN is a gambling stock. The gambling reference came in when it was mentioned that $TSLA P/E ratio is so high that it irrational, and no logic to it, like gambling, to most investors who care about the valuation. Banter followed.

$RIVN is essentially dead money until R2 starts delivering. Until then it's range bound between $10~$15/share. Of course if you buy enough of it at $10, then sell at $15, its a hefty 50% profit that means something.

That’s gambling then. Short term is not investing.

 

[bill1745]

I think it is caused by Rivian having two consecutive quarters of positive gross profit, and progress on the R2. Having two positive quarters unlocked $1 billion in additional financing from Volkswagen, which owns about 15% of Rivian. Stock price has gone from $10.99 on March 17th to $16.23 as I write this (5/19 at 10.50 am); an increase of about 47%

 

[mkg3]

That’s gambling then. Short term is not investing.

Not gambling, it's trading. There is a difference.

 

[zpyroro]

I’ve always leaned towards blackjack when I'm at the casino, especially live dealer versions. The odds feel more favorable when you play smart and stick to basic strategy. You feel more in control versus something like slots where you’re just pressing buttons and hoping for the best.

Roulette is fun too, but I swear the wheel has a personal vendetta against me. I never hit those odds everyone talks about.

Anyway, if you’re into trying different table games online, there are some solid promos for live casinos that can make the rounds way more fun and lower the risk a bit when testing new ones.

 

[Gen(R3)Xer]

You gotta at least take a look at what is happening.

$TSLA up 5%+ today (~$16) with volume of 100M+ shares traded
$RIVN up 2% today (~$0.30) with volume of 26M+ shares traded

I don't think people are selling TSLA to buy RIVN

No, they are absolutely not. They’re two different companies selling completely different products with different ethos. The only similarities are that they’re EVs and they can charge on similar networks.

Tesla is a big company selling millions of vehicles globally. Rivian is a still a small startup selling tens of thousands of vehicles in the US.

I’d love to see Rivian become another powerhouse global EV company, but they’ve got a long way to go. I’m here for it though.

 

[Gen(R3)Xer]

I’m not sure I agree that this is a gambling stock unless you’re in it for only the short term. Some may be into this as an actual long term investment.

Rivian hasn’t moved much in ages. It’s a long term investment. If sales plummet this year (2025) the stock will go down, but it’s bound to go up in 2026 if they can get the R2 out under $50K and meet demand. Increase those service centers and the RAN as well. They can do it!

 

[captainjp]

No, they are absolutely not. They’re two different companies selling completely different products with different ethos. The only similarities are that they’re EVs and they can charge on similar networks.

Tesla is a big company selling millions of vehicles globally. Rivian is a still a small startup selling tens of thousands of vehicles in the US.

I’d love to see Rivian become another powerhouse global EV company, but they’ve got a long way to go. I’m here for it though.

Tesla also sells solar systems, along with battery storage solutions for residential as well as commercial applications. Comparing the two companies as a whole doesn’t quite work. Rivian currently is a vehicle company only

 

[Donald Stanfield]

That’s gambling then. Short term is not investing.

Tell that to all the hedge fund managers making billions a year.

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