Rivian Raises Target IPO Price (RIVN)

[jennq]

I am really torn on what to do tomorrow.
Here is Cramer’s take on the IPO.

https://www.cnbc.com/amp/2021/11/08...the-next-tesla-and-would-rather-own-ford.html

I have F, TSLA, and planning on some RIVN. Just like all the vehicles I have on order, lmao. So many more BEV choices now than just Tesla, thank goodness! Gotta see where it all shakes out

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[simpsonhomer]

I am really torn on what to do tomorrow.
Here is Cramer’s take on the IPO.

What is Cramer's track record?

 

[Zoidz]

Cramer's remarks are misplaced. No one (or hardly anyone) believes that Rivian will be the next Tesla. The question really is, which company will be the #2 EV company after Tesla, and Rivian has a better chance than others at grabbing the crown.

....
It's a race to be #2, not #1.

Agree. Rivian can be extremely successful in the #2 or #3 position, no need to displace Tesla. Ford is not going to magically produce 500,000 Lightnings in a few years and kill Rivian. Also, Lightning and R1T are not *really* competitors, although many people see it that way. The R1S has *zero* EV competition (size/seating/hp), and none have been announced. CT production is exactly where..... an Elon Musk Wet Dream?

Many (most?) times Cramer says to run away from IPOs. He didn't say that about Rivian....

 

[jeeden]

Is anyone planning on selling the pop and then buying back in after the dip?

 

[Texasag05]

Take one for team….don’t buy a damn share.

 

[kanundrum]

Is anyone planning on selling the pop and then buying back in after the dip?

My plan depending really, at the end of the day the goal is to gain and not loose but I wouldn't be upset if it tanked. Its just a lot of variables. I truely beleive the demand isn't these trucks/SUVs, their FLEET offering is a GEM which no one has done so far which will make them really valuable.

 

[St Bernard]

Agree. Rivian can be extremely successful in the #2 or #3 position, no need to displace Tesla. Ford is not going to magically produce 500,000 Lightnings in a few years and kill Rivian. Also, Lightning and R1T are not *really* competitors, although many people see it that way. The R1S has *zero* EV competition (size/seating/hp), and none have been announced. CT production is exactly where..... an Elon Musk Wet Dream?

Many (most?) times Cramer says to run away from IPOs. He didn't say that about Rivian....

However he said he prefers Ford Stock over RIVIAN.

 

[St Bernard]

However he said he prefers Ford Stock over RIVIAN.

CNBC's Jim Cramer said Monday that even though electric-vehicle startup Rivian Automotive has some strong backers as it prepares to hit the public markets, he is skeptical it will be the next Tesla and would rather own shares of Ford Motor.

 

[citizen]

I was talking to a buddy yesterday and this point came up. Currently with all the price gouging and other typical dealer issues in the past, the dealer networks pretty much are a disservice to the brands themselves.

Don't know what these dealership agreements look like between them and the brand, but similar to how the car manufacturers have started different brands in the past (Eagle, Saturn, Scion, all the Japanese luxury brands), do the agreements prevent Ford or GM from starting a new EV brand that has a DTC model? Obviously will need service centers, etc.

The biggest problem facing Ford, GM, and legacy carmakers is that they can't sell EVs alongside their ICE cars. Dealers won't push EVs because they don't bring in the big service money. This has been a long-standing problem for legacy carmakers. And they can't say an EV is better than gas cars when 99% of their sales are gas cars.

The only EV companies that will succeed are ones that start with a clean slate. Replacing gas drivetrains with batteries and motors just doesn't cut it. For over a decade, people have been saying that Ford and GM will take over the EV market but all they've done is put out half-baked cars that their own dealers hide in the back corner.

 

[kurtlikevonnegut]

Is anyone planning on selling the pop and then buying back in after the dip?

I will probably allow myself to sell around half of my shares if it hits a certain point with the thought of using that small windfall to buy more shares at the dip.

 

[wizard467]

I will probably allow myself to sell around half of my shares if it hits a certain point with the thought of using that small windfall to buy more shares at the dip.

Kurt, I don’t know if you’ve already added the effect of short-term capital gains into your plan, so just adding this clarification for those who are newer to investing.

So, for anyone planning this don’t forget to factor in short-term capital gains taxes! It’s based on your tax bracket compared to the much lower long-term (over 1 year) capital gains rate.

 

[kurtlikevonnegut]

Kurt, I don’t know if you’ve already added the effect of short-term capital gains into your plan, so just adding this clarification for those who are newer to investing.

So, for anyone planning this don’t forget to factor in short-term capital gains taxes! It’s based on your tax bracket compared to the much lower long-term (over 1 year) capital gains rate.

I appreciate the heads up. I know there are differences, and luckily my tax liability this year has dropped significantly due to my wife and I now having our own little deduction and her not working full time. Plenty of room in my tax bracket for some short term #gains.

 

[Zoidz]

I hear this comment about Kramer frequently. His net worth is $150m. Not too good, huh.

 

[Fred6v]

Cramer is generally on point but sometimes he's way off the mark. In this case here's mostly right except for rec to buy Ford--a overleveraged ICE co. The Rivian IPO is pure spec. $60B at this stage is ludicrous and I'm a res holder. The only thing good for us res holders is the $10B in capital put into the firm to increase production and refine the product!

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