Georgia Rivian EV plant given green light by Georgia Supreme Court

[Georgia Lurker]

Y'all probably already know, but...

https://www.covnews.com/news/georgia-supreme-court-gives-green-light-rivian-ev-plant/

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[mkg3]

This is the primary reason why the stock price bounced back from $23s/share to the current $25ish/share.

 

[Zeusy Zeus]

This is the primary reason why the stock price bounced back from $23s/share to the current $25ish/share.

Negative. The stock bounced because of their numbers beat, analyst upgrades, and short coverings. Most had no idea about this but they will now…

 

[lefkonj]

Great for Rivian and the workers in Georgia. R2s here we go

 

[mkg3]

Negative. The stock bounced because of their numbers beat, analyst upgrades, and short coverings. Most had no idea about this but they will now…

Actually, what you say did happen before dropping down to $23/share. It jumped from $14/share up to $25/share before dropping back (profit taking) down to $23ish.

It has maintained and looks like the new floor is $25ish for now, until the actual earnings report and the call. At that point, it will all depends on forecast for the rest of the year and R2 story.

Two things can take it down though; 1) cash burn rate higher than expected (i.e., $/vehicle produced, affecting gross margin) and any disruption to the 50K (though analysts are starting to expect over 50K now but we'll have to see how the current quarter goes...).

Now that GA cleared the way for the factory, if it results in pulling 2026 back any earlier for R2, that would spike the share price, I believe...

 

[emoore]

How much time did Rivian have to waste before they could start? Over a year?

 

[Zeusy Zeus]

Actually, what you say did happen before dropping down to $23/share. It jumped from $14/share up to $25/share before dropping back (profit taking) down to $23ish.

It has maintained and looks like the new floor is $25ish for now, until the actual earnings report and the call. At that point, it will all depends on forecast for the rest of the year and R2 story.

Two things can take it down though; 1) cash burn rate higher than expected (i.e., $/vehicle produced, affecting gross margin) and any disruption to the 50K (though analysts are starting to expect over 50K now but we'll have to see how the current quarter goes...).

Now that GA cleared the way for the factory, if it results in pulling 2026 back any earlier for R2, that would spike the share price, I believe...

Yeah a lot of people are pricing in over 50k produced this year off the recent news. I wouldn’t be surprised if they surpass it. What I am worried about is the talks of lower demand for R1T especially with the Ford price cuts. Hopefully the call is a good one nice to see Rivian with some bullish signs for a change after all that bloodshed.

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