What the heck is going on with the stock price?!

[Christopher1000]

The company is doing well, great reviews all around, now in the $9 range!?

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[DuoRivian]

The company is doing well, great reviews all around, now in the $9 range!?

Look at the other thread about production estimate reductions. That is why the stock is down.

 

[R.I.P.]

The company is doing well, great reviews all around, now in the $9 range!?

Rivian sold a fair number of expensive EV trucks while they had a near corner on the market. Those buyers bought (& many are now selling), & there is not a deep reserve of those buyers to draw from.

Now these higher end buyers have a lot more choices and some are arguably more appealing. Go test drive the new Silverado/Sierra platform. I see GM stealing a lot of buyers away from Rivian now that these are hitting the lots.

Rivian has a short time left to hold court with the very appealing R1S, but will have to compete with Yukon Denali's soon.

R2/3 keeps being thrown out as the magic bullet that is going to save the company; but this series is entering the most crowded segment of the market. I am looking hard, but I see nothing that elevates it above many vary good offerings currently available. With the R2 platform, Rivian is aiming for a mark that will have moved once they get there.

Why is the stock down? It is down because anybody paying much attention at all can see some very stiff headwinds ahead for the company; the type of headwinds that sank many car companies in the past.

 

[waitingonanr1s]

https://www.cnbc.com/2024/10/04/riv...forecast-misses-q3-delivery-expectations.html

 

[Christopher1000]

I’m not sure. I think shorters are taking advantage of not so terrible news.

 

[Hereforthesnacks]

Rivian sold a fair number of expensive EV trucks while they had a near corner on the market. Those buyers bought (& many are now selling), & there is not a deep reserve of those buyers to draw from.

Now these higher end buyers have a lot more choices and some are arguably more appealing. Go test drive the new Silverado/Sierra platform. I see GM stealing a lot of buyers away from Rivian now that these are hitting the lots.

Rivian has a short time left to hold court with the very appealing R1S, but will have to compete with Yukon Denali's soon.

R2/3 keeps being thrown out as the magic bullet that is going to save the company; but this series is entering the most crowded segment of the market. I am looking hard, but I see nothing that elevates it above many vary good offerings currently available. With the R2 platform, Rivian is aiming for a mark that will have moved once they get there.

Why is the stock down? It is down because anybody paying much attention at all can see some very stiff headwinds ahead for the company; the type of headwinds that sank many car companies in the past.

Agree. The narrative that everyone wants a rivian and is just dying to get one once a lower cost one comes on the market does not resonate with me. Too many very good options in the $40-50k range. I know people chuckle when folks suggest trying a GM or Kia or something for a test drive. Those cars are great. People are blown away. I get it, they aren’t luxury. But that argument only goes so far.

 

[thair]

The company has shown zero ability to make and sell a vehicle for a profit. That is not a recipe for success.

 

[UnsungZero_OldTimeAdMan]

At this stage of the company there are more doubters than hopefuls. And being a EV company, easy target for trolls and shorts. Add on top, the general uncertainty expected of all election years plus mood swings caused by international events… it’s a given the stock would be valued and played in such a way. And it will remain this way until ‘26 at least. Get used to it or invest in something less volatile.

The company has shown zero ability to make and sell a vehicle for a profit. That is not a recipe for success.

Speaking of trolls… Rivian maintains they will start to be slight net positive by Q4. And the quarterly reports have been trending that way. Anyone expecting a new car company to be profitable sooner, do not know what they are doing.

 

[DJFrerichs]

I sit here wondering...in addition to getting others to buy their vehicles with referral/awards program....In a non-purchasing way with a Rivian community full of various professions....how can WE as a community help Rivian surpass the hurdles they are having in production? I feel they can't be relying one one single provider for a specific part...there has to be others. Can the community and it's connections help Rivian with their limited part needs? What are their hurdles and how can those be surpassed.

 

[Donald Stanfield]

Agree. The narrative that everyone wants a rivian and is just dying to get one once a lower cost one comes on the market does not resonate with me. Too many very good options in the $40-50k range. I know people chuckle when folks suggest trying a GM or Kia or something for a test drive. Those cars are great. People are blown away. I get it, they aren’t luxury. But that argument only goes so far.

Rivian's potential lies in its ability to shift sales from ICE vehicles, not just other EVs. While there are indeed numerous well-received EVs in the $ 40-50k range, the global transition from ICE vehicles leaves ample room for Rivian to make significant sales at that price point. The prevailing pessimism about the EV market's growth is largely a result of misinterpretation of percentages, sensationalism, and economic downturn.

When you sell a small amount of EVs, double-digit percentage growth is easy to achieve year over year. As that total grows it becomes more difficult to maintain that growth pace. So it gets reported that EV demand is slowing when reality is the market has slowed to less of a degree than reported. Not even mentioning the auto market has contracted across the board thanks to high interest rates, down economy and the standard boom-bust cycle.

EVs are the future, and Rivian is undoubtedly in that conversation. Sales will come from people switching from ICE as infrastructure improves and more people learn about the superiority of EVs over ICE in a large amount of use cases. As this happens the market will get bigger and the companies willing to invest in quality EVs now will reap the rewards.

 

[Goose]

Rivian's potential lies in its ability to shift sales from ICE vehicles, not just other EVs. While there are indeed numerous well-received EVs in the $ 40-50k range, the global transition from ICE vehicles leaves ample room for Rivian to make significant sales at that price point. The prevailing pessimism about the EV market's growth is largely a result of misinterpretation of percentages, sensationalism, and economic downturn.

When you sell a small amount of EVs, double-digit percentage growth is easy to achieve year over year. As that total grows it becomes more difficult to maintain that growth pace. So it gets reported that EV demand is slowing when reality is the market has slowed to less of a degree than reported. Not even mentioning the auto market has contracted across the board thanks to high interest rates, down economy and the standard boom-bust cycle.

EVs are the future, and Rivian is undoubtedly in that conversation. Sales will come from people switching from ICE as infrastructure improves and more people learn about the superiority of EVs over ICE in a large amount of use cases. As this happens the market will get bigger and the companies willing to invest in quality EVs now will reap the rewards.

you’re right of course. The problem is the Rivian price point is flooded out of reach for the majority of buyers. The reason the last gen Tacoma was the best selling midsize truck was value. If Rivian can release the old Explore package, at $10-15k less than current offerings, they will make huge leaps in a saturated and tired market. There’s only so many tech bros that want a truck.

 

[UnsungZero_OldTimeAdMan]

Just came across more info. Not good news, but at the same time to be expected. Plus, it's a situation with parts supply that we already knew about.

https://electrek.co/2024/10/04/rivian-rivn-cuts-ev-production-plans-q3-deliveries-fall/

 

[Hereforthesnacks]

Rivian's potential lies in its ability to shift sales from ICE vehicles, not just other EVs. While there are indeed numerous well-received EVs in the $ 40-50k range, the global transition from ICE vehicles leaves ample room for Rivian to make significant sales at that price point. The prevailing pessimism about the EV market's growth is largely a result of misinterpretation of percentages, sensationalism, and economic downturn.

When you sell a small amount of EVs, double-digit percentage growth is easy to achieve year over year. As that total grows it becomes more difficult to maintain that growth pace. So it gets reported that EV demand is slowing when reality is the market has slowed to less of a degree than reported. Not even mentioning the auto market has contracted across the board thanks to high interest rates, down economy and the standard boom-bust cycle.

EVs are the future, and Rivian is undoubtedly in that conversation. Sales will come from people switching from ICE as infrastructure improves and more people learn about the superiority of EVs over ICE in a large amount of use cases. As this happens the market will get bigger and the companies willing to invest in quality EVs now will reap the rewards.

Rivian can’t grow right now because they can’t even keep their existing vehicles on the road. Their offering is such that, when you have a thread about how your entire car reboots while you are driving, the reaction from folks is “yep, happens to me too.”

In order ti capitalize on future EV growth, you need a product people want, that you can get in their hands, and keep it functioning well.

So, yes, there is plenty of future potential. But, Rivian doesn’t seem poised to be able to grab it.

 

[Donald Stanfield]

you’re right of course. The problem is the Rivian price point is flooded out of reach for the majority of buyers. The reason the last gen Tacoma was the best selling midsize truck was value. If Rivian can release the old Explore package, at $10-15k less than current offerings, they will make huge leaps in a saturated and tired market. There’s only so many tech bros that want a truck.

R1s are the Halo car. It's up to the R2 and R3 to reach those people. I agree that there aren't very many people spending 110+ on a new car, but I don't see how they can cut the R1 down enough to both make money and reach a low enough price. Even the EV9 is 60-70K, and there is substantially less tech, and the interior is notably cheaper than the R1.

 

[Donald Stanfield]

Rivian can’t grow right now because they can’t even keep their existing vehicles on the road. Their offering is such that, when you have a thread about how your entire car reboots while you are driving, the reaction from folks is “yep, happens to me too.”

In order ti capitalize on future EV growth, you need a product people want, that you can get in their hands, and keep it functioning well.

So, yes, there is plenty of future potential. But, Rivian doesn’t seem poised to be able to grab it.

The overwhelming majority of Rivians are trouble-free. Mine is, and has been for the last two years, outside of minor things like a loose trim piece and a broken cupholder. Both were fixed by mobile service in my own garage within a week or two of my reporting it.

You are going to find a concentration of issues on here, simply because when things go wrong people look for help. This is a place to find that help so you are going to see issues. People also aren't going to report " I got in my R1 today and went to work no problems again" even though that is most people's experience on a day to day basis.

Service isn't great, and it's worse in some areas than others. I'm lucky that we have Atlanta and Nashville, both some of the better service centers Rivian has but service needs to improve. That doesn't mean people need to worry about a bricked truck as a likely outcome.

I just ordered a gen 2 to replace my reliable gen 1 and I have no worries about issues.

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