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

[Oldsmobile_Mike]

Seem bass-ackwards since EV's are clearly the wave of the future.

Cathie Wood bet big on "wave of the future" with her ARK funds. See how well they're doing now? ?? I'm going back to bonds and utility companies, LOL. ?

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[NY_Rob]

Damn..... ?

 

[SANZC02]

Damn..... ?

Yes, not pretty. Rivian and Lucid are following Tesla into the cellar. Tesla is almost off 10% today, actually was in the 122s earlier.

The entire market today looks horrible. ?

 

[NY_Rob]

I don't even really look often lately because I don't want to get depressed.. but I got the "52-Week Low Alert RIVN" email notification from MS

 

[Sgt Beavis]

I don't even really look often lately because I don't want to get depressed.. but I got the "52-Week Low Alert RIVN" email notification from MS

Several companies hit their 52week low. Even Amazon did.

 

[Lizardo]

tesla is the market leader. Rivian will go up and down generally with tesla. Polestar, lucid, fisker, et will also follow similar fates.

 

[NY_Rob]

Several companies hit their 52week low. Even Amazon did.

Yeah, saw that.. but
AMZN's 52wh high is $172 and today's 52wk low is $83
Rivian's 52wk high is $107 and today's 52wk low is $19

 

[Sgt Beavis]

oof, another low

 

[NY_Rob]

Yup, got another "52-Week Low Alert RIVN" email notification from MS this morning.

Happy Holidays Rivian share holders... ?

 

[FutureTruck]

Wow, thought I had missed the buying opportunity when it hit 20 months back and then bounced back to 30. Guess I was wrong. Either way, they are going to lose money for YEARS. I think they'll survive because the global demand for EVs is going to be nuts but I don't think we've seen the bottom for this stock yet...

 

[jjswan33]

This is pretty ugly. I'm going to stay long RIVN. I also think the $80-100 prices at IPO were too high, probably a $40-50 stock in another market.

• They have 13B in cash compared to a market cap of 17B at current prices, they have a factory in IL manufacturing 3 compelling models
  • The truck doesn't have to be the best selling on the market to make them money, same with the SUVs they fit a niche that no one else is.
  • The VAN line is just starting to see it's potential. I saw my first one in Portland the other day. 100k of them is a lot of business and if the vans perform as least as good as those from Dodge, Ford then Amazon will likely buy more. The van also has potential beyond the Amazon.

Rivian isn't perfect, they have a long way to go on service, communication and customer service could also improve. I have also been very happy as an owner with the OTA's a lot of new features and regular fixes for issues/short comings. I'm also happy with the progress on the charging network

Bottom line my truck is awesome and I was trained to invest in products you believe in.

 

[Tahoe Man]

I don't even really look often lately because I don't want to get depressed.. but I got the "52-Week Low Alert RIVN" email notification from MS

It broke through the old capitulation low of 19.25.
Since the beginning of December everyday has been a down day.
It's starting to get oversold, might try for a short term bounce.
Longer term it looks like 25 might be the resistance point.

I started to nimble very very small amount of shares around 27. I missed the capitulation selloff... My fault, wasn't paying attention... I might try and pick up a little more under $19.
Longer term this stock has a crapload to prove. I'm not sure if it will see $40 again, but I could see it getting back to $25.
You have to remember even at $19, this thing has a market cap of $18B.

 

[NY_Rob]

^ I thought I got a great deal buying at $22 back in May... guess not ?

 

[Tahoe Man]

^ I thought I got a great deal buying at $22 back in May... guess not ?

The problem is we're going into a Fed tightening cycle. So essentially you're fighting the Fed. And also in this case, fighting the tape.

The other is this is such a young company and there was so very very much speculation at the ipo and beyond, it's hard to gauge what the real value should be. This thing ipo'd as Tesla was near a trillion... Also this was when many were staying home or working from home and using the stock market as a means having fun.

 

[Lizardo]

Have 200 shares of RIVN in my Roth - think avg price is 28. And 30 shares in my brokerage at 37 ...

Might nibble more in my roth... at $18?

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