Why Rivian Stock Popped Today

[jakef801]

https://www.fool.com/investing/2022...hoo-host&utm_medium=feed&utm_campaign=article

My basis in RIVN is $54. I'm long on it.

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[Scoiatael]

Motley Fool is the worse possible source for financial news. They just make clickbait articles every day.

 

[jjswan33]

Loving the price action though. My current cost basis is $28-29 so I am seeing a healthy return.

I missed out on the IPO but when the market cap was down around 20bn it seemed like a pretty solid investment as an owner of a R1T.

 

[jakef801]

Motley Fool is the worse possible source for financial news. They just make clickbait articles every day.

I agree wholeheartedly. The main reason I shared was because it stated some information on Rivian's perspective on the tax incentive situation and future pricing. I only care to read the occasional quotes from insiders, some analysts (most of them suck), and general stuff. Wasn't meant to hype the Fool - Just sharing.

 

[Blueassassin]

I'm really surprised how few people even know what or who Rivian is. Talking to my insurance yesterday "progressive" the guy hadn't heard of them yet and they weren't in the system either. I really think the stock will start rising more once more people know what they are and how they drive.

 

[jakef801]

I'm really surprised how few people even know what or who Rivian is. Talking to my insurance yesterday "progressive" the guy hadn't heard of them yet and they weren't in the system either. I really think the stock will start rising more once more people know what they are and how they drive.

Progressive customer as well. I've been impressed with them and find them easy to work with. Very odd that Rivian is not in their system. MANY websites for things like tires, Autotrader, accessories, etc, etc have Rivian in their dropdown menus.

 

[GangWarily]

That's odd, I have Progressive and was able to get my Rivian insured with them :O Wonder if its an individual advisor thing.

 

[CommodoreAmiga]

I'm really surprised how few people even know what or who Rivian is. Talking to my insurance yesterday "progressive" the guy hadn't heard of them yet and they weren't in the system either. I really think the stock will start rising more once more people know what they are and how they drive.

Rivian is definitely in Progressives system. My R1T is insured with them. It wasn't even something they had to add, either... It's already in their system and you can get a quote on their website for a R1T.

 

[Bullitt]

Rivian is definitely in Progressives system. My R1T is insured with them. It wasn't even something they had to add, either... It's already in their system and you can get a quote on their website for a R1T.

This is quite common. AAA took almost a week to get Rivian added to their system from when I engaged with them. I spoke to multiple people there and it was supposedly their first one. Seals broken now though! I’ve had my truck on my insurance for almost 2 weeks, though my delivery seems to be getting further away!

 

[jakef801]

This is quite common. AAA took almost a week to get Rivian added to their system from when I engaged with them. I spoke to multiple people there and it was supposedly their first one. Seals broken now though! I’ve had my truck on my insurance for almost 2 weeks, though my delivery seems to be getting further away!

You have insurance on a truck you don't own yet??

 

[Dark-Fx]

Now do why RIVN is crashing today

 

[TollKeeper]

I would still like to know why the stock ticker on the main page is gone...

 

[Bullitt]

You have insurance on a truck you don't own yet??

Yup. According to my guides recommendation I set for 8/1 to start. After the first push in dates by a week I left it since it was a pita to get done, but will probably cancel it this week now that my guide can only say there’s no eta anymore.

 

[ironpig]

Motley Fool is the worse possible source for financial news. They just make clickbait articles every day.

Same thing on every article - "If you like this stock, here are ten others we are telling everyone to buy so we can hopefully drive them up. "

 

[jakef801]

Yup. According to my guides recommendation I set for 8/1 to start. After the first push in dates by a week I left it since it was a pita to get done, but will probably cancel it this week now that my guide can only say there’s no eta anymore.

Sorry to hear about the "no ETA". What made purchasing insurance such a PIA? I'm guessing something to do with the VIN??

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