pricedm
Well-Known Member
I predict/ guess if Q2 or Q3 earnings call shows promise of 60k annual production, stock could recover towards $20. If not, $7 - 10 range.
The other variable is conversion rate of deposits to actual sales. Again, lots of headwinds. I was surprised as a "last day to sign binding sales agreement and get $7,500 tax credit" reservation holder, on 3/14 I got invite to configure. At this point I'm waiting for dual-motor option (my bias is towards range) and wishful thinking the dual lead-acid 12v batteries will be revamped to a lithium 12v battery.
Reservations in the 120k range isn't a lot, and considering the macro economy, tough times ahead for us $RIVN shareholders. Reminder: $TSLA did next-to-nothing from IPO to 2019. Likely same for $RIVN
The other variable is conversion rate of deposits to actual sales. Again, lots of headwinds. I was surprised as a "last day to sign binding sales agreement and get $7,500 tax credit" reservation holder, on 3/14 I got invite to configure. At this point I'm waiting for dual-motor option (my bias is towards range) and wishful thinking the dual lead-acid 12v batteries will be revamped to a lithium 12v battery.
Reservations in the 120k range isn't a lot, and considering the macro economy, tough times ahead for us $RIVN shareholders. Reminder: $TSLA did next-to-nothing from IPO to 2019. Likely same for $RIVN
Sponsored