Glongo
Well-Known Member
- First Name
- Glen
- Joined
- Aug 22, 2021
- Threads
- 5
- Messages
- 99
- Reaction score
- 148
- Location
- Mammoth Lakes, CA
- Vehicles
- R1S; Cayenne Hybrid; Sprinter
- Occupation
- Homebuilding
You make good points. The (My) bet is that the R1T and R1S are merely the starting lineup. If Tesla announces a boring product line up on Jan 26th, then Rivian is poised to be a move up or move on for Tesla owners as their cars are getting long in the tooth, adding to the demand for Rivian. Call it blind faith or a hunch, but Iām on team RIVN, and taking small positions for last two trading days.I think the reason Rivian was hit harder is because of the nature of their product. Their only product is a truck, they do not have a lineup that is endearing to many different slices of society.
How many people are going to buy the R1T to go rogue in the wild? How many are buying because it is a great vehicle that just happens to be a truck platform? How many are buying it because they need it for work?
The first 2 categories will remain constant, the third category is fluctuating like hell. For many reason, of course. The employment market hasn't recovered fully yet, price of materials is still higher than what we are used to, and is it really worth it to spend 40K more on a truck that just happens to be electric?
The last item, I know a lot of people will disagree on top of the hateful position Toyota have placed itself in with their slow EV adoption strategy, the newly announced Hybrid Tundra did catch the eyes of a lot of people who would usually look at Rams and F150s. There is a holding pattern as the MPG for the hybrid hasn't been released yet.
As a personal opinion based on the thoughts above, there is a lot of uncertainty in the demand for the pickup truck market, and a company that only sells them will struggle. I am no expert in the stock market, I barely started a month before Rivian IPO, so I guess i am trying to find excuses
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