Ford "PRICE WAR" drives RIVN under $10

[COCORIVIAN]

With the factory closed and non-operational until April 30, you can consider 2024 a write off for Rivian. Wouldn't be surprised if this stock hit $5. So much bad press on the company. Analysts just keep knocking it further and further down... as if they have stronger interests and investments in another EV stock...

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[Chris TX]

The R1S is by far their most important vehicle right now. R1T/EDV are sideshows.

What's more interesting to me than the Ford news is the doubling of R1S shop inventory to ~250 units this week. I think R1S demand should be the biggest driver of the stock (along with margin progression) until we get to R2.

Possibly but the R1T is currently what's in stock the most and they are pushing to sell. EDV deliveries are truly the money makers, here. Two DHL examples have already been shipped out so we should be a month or two away from a formal announcement of a partnership. DHL would be stupid to pass up such a great product.

 

[COCORIVIAN]

It was a helluva deal when I bought just north of $11. It's even more a helluva deal under $10!

One more capital raise and the stock will be in buy range and likely rock bottom.

 

[Dark-Fx]

With the factory closed and non-operational until April 30, you can consider 2024 a write off for Rivian. Wouldn't be surprised if this stock hit $5. So much bad press on the company. Analysts just keep knocking it further and further down... as if they have stronger interests and investments in another EV stock...

Lotta FUDsters coming out of the woodwork today too.

 

[DuoRivians]

Ford is lost… they’re cutting back on EV investments at the wrong time. Rivian is sticking to its plan. Pure BEVs will capture significant market share as costs come down.

Not enough people thinking long term horizon

 

[Supratachophobia]

I think the market really misunderstands Rivian's products if it thinks there is significant cross-shopping of F150 and R1.

This 1000%

Maybe a different tune if they hadn't nerfed max pack. But as is, they can't punch any higher on that front.

 

[jeeden]

With the factory closed and non-operational until April 30, you can consider 2024 a write off for Rivian. Wouldn't be surprised if this stock hit $5. So much bad press on the company. Analysts just keep knocking it further and further down... as if they have stronger interests and investments in another EV stock...

If the stock ever hit $5 I will be backup up my R1S to fill with shares.

 

[Dark-Fx]

Ford is lost… they’re cutting back on EV investments at the wrong time. Rivian is sticking to its plan. Pure BEVs will capture significant market share as costs come down.

Not enough people thinking long term horizon

I swore Ford was supposed to be announcing their Project T3 this year at some point, the ground up EV replacement for the Lightning. I have some friends that are working on the project but they are absolutely tight lipped about it (and they were surprised when I even brought it up as if I wasn't even supposed to know of it's existence.) IMO this is probably another reason for their pullback, they don't want to get stuck with the "old-tech" Lightning vehicles they aren't going to make profit on anyway.

 

[DHM]

This (current) $9.56 hurts. But I can't sell because my luck it will reach $200 next year and split.
Like when my wife and I invested in Shominy and sold it too soon.

 

[DuoRivians]

I swore Ford was supposed to be announcing their Project T3 this year at some point, the ground up EV replacement for the Lightning. I have some friends that are working on the project but they are absolutely tight lipped about it (and they were surprised when I even brought it up as if I wasn't even supposed to know of it's existence.) IMO this is probably another reason for their pullback, they don't want to get stuck with the "old-tech" Lightning vehicles they aren't going to make profit on anyway.

Yeah it’s possible they’re liquidating inventory, like Rivian is aiming to do.

 

[TTedP]

This (current) $9.56 hurts. But I can't sell because my luck it will reach $200 next year and split.
Like when my wife and I invested in Shominy and sold it too soon.

go ahead and do that! and we'll give you some of our shares if it happens. Promise!

 

[R1TS]

Rivian could exit the R1T business tomorrow and it wouldn't materially effect it's future potential.

. . . but I will admit that Rivian R1T inventory suggests not a lot of demand, especially for the more expensive builds.

That pretty much sums it up, and the reason for this news and subsequent stock price drop.

Rivian wouldn’t realize any negativity by stopping the R1T. In fact, I bet it helps the stock price and the company’s bottom line by doing so.

I’ve said before, Rivian needs to drop the R1T completely and use whatever small or large amount of resources gained from dropping the R1T to focus on getting the R2 and R3 out faster.

The only people who wants an EV truck for $80K already has one. There’s no market there for electrified trucks. Rivian most likely knows this but too much ego to act on it.

 

[pricedm]

Analysts just keep knocking it further and further down... as if they have stronger interests and investments in another EV stock...

Fixed it for you: "as if they have stronger interests and investments in another [ICE-mobile] stock..."

 

[KootenayEV]

That pretty much sums it up, and the reason for this news and subsequent stock price drop.

Rivian wouldn’t realize any negativity by stopping the R1T. In fact, I bet it helps the stock price and the company’s bottom line by doing so.

I’ve said before, Rivian needs to drop the R1T completely and use whatever small or large amount of resources gained from dropping the R1T to focus on getting the R2 and R3 out faster.

The only people who wants an EV truck for $80K already has one. There’s no market there for electrified trucks. Rivian most likely knows this but too much ego to act on it.

I strongly disagree. The R1T as it currently exists has run out of customers in some areas perhaps, but even today I had someone come up to me (from a Ford Raptor) talking about how much he loves my truck but wants to wait until there is a support centre closer to my region.

The size and overall capability of the R1T is very much in vogue in many areas of North America and is perfect when we are looking at use-cases that don't involve much towing of RVs. They've already invested in the product and I highly doubt it causes them any additional losses. They aren't production constrained, so they should make R1Ts to match demand and the remainder on that line can be R1S. They can't make an R2 on that line, so continuing to build it doesn't impact R2.

Make a simplified R1T and sell for a lower cost and demand will go up.

 

[s0ysauce]

more opportunities to buy the dip!

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