Stock price - do people realize Rivian (RIVN) is NOT Tesla (TSLA)??

[kizamybute']

Watching the stock prices over the past few weeks, when Tesla goes down, Rivian goes down. When Tesla goes up, Rivian goes up. Despite the overall market doing the complete opposite. And often at very similar percentages of decline. Makes no sense other than to think many uneducated investors think the two companies are tied together?? Looks like Elon's Twitter fiasco is costing Rivian investors money as it appears many think they're related somehow.

Two ENTIRELY DIFFERNT COMPANIES!

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[Dark-Fx]

whole. market.

 

[jjswan33]

It's not just Tesla and Rivian. It's investor sentiment about the whole EV market.

 

[ORFynder]

Good time to buy more

 

[NY_Rob]

Good time to buy more

Perhaps the only way to maybe just ever breaking even if you participated in the IPO or bought shares in the crazy runup that followed. Imagine if Rivian didn't have those billions in cash reserves just sitting around? It would be game over at this point....

 

[kizamybute']

It's not just Tesla and Rivian. It's investor sentiment about the whole EV market.

True, Tesla seems to lead the way for all of them? Seem bass-ackwards since EV's are clearly the wave of the future. As with Rivian, when Telsa increases, the others do too. Read reports about investors being worried about Elon selling off Tesla stock, and it declines, all the others seem to decline the same day. Their CEO's didn't sell of stock. Or when Elon invests too much time into Twitter and there's an issue with Twitter, Tesla stock, along with all the other EV stocks, decline too. Doesn't make sense that all the other's suffer almost equally as does Tesla each time there's a Tesla news event that impacts its stock price.

Either that, or as common, all the stories about why a stock increased or decreased on a particular day are full of crap. Which is probably more likely the case.

Will Rivian being added to Nasdaq 100 have any impact on Friday? Seems like it should, but, I've given up trying to use logic when it comes to these stocks! Seems like, for every step forward we take, something happens that sets us two steps back. Probably going to be a couple of years before anything turns around at this point, depending on the next election results. Historically, interest rates tend to rise under democratic control and stocks go down and vice-versa when Republicans win, rates decline and stock go up. Just the nature of our government system and two parties with completely different views on what's best for the economy. We spend 4-8 years allowing one side to do what they do, then the other side wins and spends the next 4-8 years undoing everything the previous party did. Then the loop starts again!

 

[Craigins]

From what I've heard, most EV companies are treated with a broad brush as growth stocks.

As such, when the interest rates rise, it is harder for growth companies to secure financing if needed, making them a riskier investment and people pull out. That is why you always see them take a big hit after the feds raise the interest rates.

Rivian gets lumped into this group even though they have the cash to get to 2025.

Typically I look at lucid, tesla, and Rivian together, if they all trend the same, it is market action and not an action on the company.

Sadly for rivian, it seems every time they release good news, the feds raise interest rates like the next day/week and wipe out any gain.

 

[Yellow Buddy]

Watching the stock prices over the past few weeks, when Tesla goes down, Rivian goes down. When Tesla goes up, Rivian goes up. Despite the overall market doing the complete opposite. And often at very similar percentages of decline. Makes no sense other than to think many uneducated investors think the two companies are tied together?? Looks like Elon's Twitter fiasco is costing Rivian investors money as it appears many think they're related somehow.

Two ENTIRELY DIFFERNT COMPANIES!

People don’t realize it with the stock or the car. For the stock, many just focus on what Tesla has done since 2019.

Many have forgotten how painful it was prior to that and expect Rivian to be performing and producing at the same level. Rivian is in year 2 of production. Tesla is in year 14 of production.

 

[Dark-Fx]

$TSLA sure did take a beating today though didn't it. Did Elon sell another X billion?

 

[Tahoe Man]

Telsa had a market cap over a trillion, Rivian over a 100 billion. This was nothing but pure momentum plays by "investors" during the stay at home stock buying nirvana.

I seriously doubt those highs will ever come to fruition again. I could see tsla eventually falling to $50-75B and rivn below $10B market caps, in the next couple of years as the EV stocks go out of favor.

 

[NY_Rob]

$TSLA sure did take a beating today though didn't it. Did Elon sell another X billion?

Does there need to be a reason for stock to move nowadays?

Look at Rivian... good news= stock falls, bad news= stock falls, no news= stock falls.
I dread seeing anything printed, mentioned or even inferred regarding Rivian lately because it always leads to the stock tumbling.. .again.

 

[ironpig]

It has nothing to do with Tesla. It's the entire EV sector. And who cares, if you are invested in either of these companies your positions should be long.

 

[Count Orlok]

IMHO Rivian screwed up focusing on the truck and not the S given how SUVs dominate the U.S. market .

 

[ironpig]

IMHO Rivian screwed up focusing on the truck and the S given how SUVs dominate the U.S. market .

Definitely true regarding SUVs, but the flip side is being the first company to deliver an EV pickup truck to market beating Ford, Chevy, RAM and Toyota. That's probably a bigger deal.

 

[NY_Rob]

Rivian basically just canceled quad motor/max pack config.... guess the stock will be down another couple of $$ tomorrow. Oh well... really looooooooong term hold now.

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