Ford "PRICE WAR" drives RIVN under $10

[bdwalters]

I’m 80% sure there will be lots of people in about a year saying: I wish I bought rivn at under $10.

I hope that’s true. I’m just guessing that they will be saying that they wish they had bought it below $5. I think there will be more opportunities to average down. I really think Tesla should buy them. We would all benefit from that.

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[Nix]

I agree, this can't happen now. This would be when the company runs out of money, which RJ said would be around Q4 2025.

Now you are shifting to pure misrepresentation, after swiftly retreating from your speculation that Rivian could be working on a takeover plan right now, using bankruptcy.

At no time did RJ say Rivian would be bankrupt Q4 2025.

 

[bdwalters]

RJ said he was confident in having cash until then. That certainly suggests that he isn’t confident he will have cash after that.

 

[R1TS]

Now you are shifting to pure misrepresentation, after swiftly retreating from your speculation that Rivian could be working on a buy out plan right now, using bankruptcy.

At no time did RJ say Rivian would be bankrupt Q4 2025.

No one said Rivian will be bankrupt in 2025. Not even the person you are responding to.

But, it is a fact that—at current cash burn rate—Rivian has enough cash to last until end of 2025, which means they will need to do a raise and dilute the stock again before then.

 

[Yellow Buddy]

Said it already elsewhere but day traders don't know anything about Rivian's value or potential. Rivian could exit the R1T business tomorrow and it wouldn't materially effect it's future potential.

Sounds like a buying opportunity for RIVN but I will admit that Rivian R1T inventory suggests not a lot of demand, especially for the more expensive builds. For example I noticed that there are at least 150 max pack R1Ts available in my area's shop, many are 2023 model year. So I wouldn't be surprised by a price cut on Max pack R1Ts sometime soon, or a larger discount to clear inventory.

It feels very Tesla circa 2017/18 with the stories, speculation, a defense. Then after 19/20, never had to look back.

Lucid, obviously Fisker are still questionable. But Polestar and Rivian are here to stay based on what they’ve accomplished so far.

 

[R1TS]

It feels very Tesla circa 2017/18 with the stories, speculation, a defense. Then after 19/20, never had to look back.

Lucid, obviously Fisker are still questionable. But Polestar and Rivian are here to stay based on what they’ve accomplished so far.

Just need to ride this out a couple more years.

Until then, grab the popcorn.

 

[Nix]

No one said Rivian will be bankrupt in 2025. Not even the person you are responding to.

sphereobject is actually making that claim. Follow the breadcrumbs back. He actually launched a completely fabricated narrative where in the present tense Rivian is currently in takeover talks:

...unless RIVN is already in takeover talks to be acquired by another automaker (this is the only reasonable explanation as to why capital has not been raised yet)...

He then speculated those takeover talks he speculated were happening right now would use bankruptcy:

...takeover would be a pre-pack bankruptcy...

When called on the absurdity of his speculation that Rivian is currently negotiating a takeover via bankruptcy, he simply pretended he never said he though Rivian was currently negotiating a takeover through bankruptcy. Then shereobject lifted the goalposts and shifted the date to Q4 2025, never backing down from his theory that Rivian is currently negotiating a takeover using bankruptcy. Which he still doesn't have anything to support a bankruptcy at that point being likely.

I agree, this can't happen now. This would be when the company runs out of money, which RJ said would be around Q4 2025.

But sphereobject could clear it all up as to why he/she was talking about "a pre-pack bankruptcy" either "already" or in "Q4 2025", when in reality Rivian is simply looking at needing to raise capital like every other company does without drama.

Or sphereobject could simply say "my speculation about bankruptcy was wrong, both now and Q4 2025" and clear it all up.

 

[LetsgoRIVN]

What do you expect Monday opening to be ?

 

[swhme]

Sounds like a buying opportunity for RIVN but I will admit that Rivian R1T inventory suggests not a lot of demand, especially for the more expensive builds. For example I noticed that there are at least 150 max pack R1Ts available in my area's shop, many are 2023 model year. So I wouldn't be surprised by a price cut on Max pack R1Ts sometime soon, or a larger discount to clear inventory.

Yeah, it’s always been interesting that they decided to lean into the trucks before the SUV. Seems like FAR more demand for the R1S.

 

[MidnightRivian]

What do you expect Monday opening to be ?

I predict the chart will move to the right.

 

[Sgt Beavis]

The Selloff continues.

 

[Freddie]

Still searching for bottom!

 

[rkalbiar]

This stock price is CRAZY.

 

[LetsgoRIVN]

Getting worse by the minute !
Do you think management cares?

 

[White Shadow]

The Selloff continues.

I'm really considering buying more as we might see $7/share today or sometime this week. But if it drops to $3, I'll still be kicking myself once again. At least with these low prices, it doesn't take much to double back up again.

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