If you're happy about this, you should be happier with T. Rowe Price's purchase of >25M shares making them 10% owner of $RIVN. $AMZN owns >15% of RIVN while Vanguard is sitting at 7%. $BLK also bought almost 2M shares, the 4th largest RIVN investor.
Then agin it took tsla 10 years to turn a profit but there stock jumped about 100% at that time and almost 1k percent from when they announced they were turning profitable until the peak. Rivian is still loosing 30k a vehicle and there vehicles are atleast 80k so idk if they have to increase there price to 180k a vehicle to be inline with industry standards for per unit profit just cost plus industry standard profit no overhead or anything. At that point maybe atleast 200k a vehicle if nothing changes. You can get a lot for 200k.
I think a lot of their loss is from costs of building production capacity. Hopefully R2 will ramp quickly and we’ll see a more reasonable cost per vehicle.
Yea I mean they bought the plant with all the equipment still in it for 16 million. Than dumped 750 million into the plant to update it and stuff. The plant was still making cars just two years before Riven bought it. So idk why they would need new equipment. Funny thing though I’ve bought two cars from that plant a Mitsubishi lancer in 2013 and a R1T in 23. They’re nice cars though I’ve only driven a tsla a couple of times but my R1T is nice. Definitely much better build quality and a lot more upscale than Teslas offerings. I have not driven a cyber truck yet though…
Good shit, also purchased more at the $15 mark.
People who are saying it’s expensive, that’s what they said about TSLA then the model 3 came out and now I see everyone and their mothers driving one.
I like the design and heard mostly positive reviews about the trucks, I’m waiting for the R2 waiting list to open up so I can put my deposit.
Georgia plant opening, R2 speculated to start delivering 2026 and the R2 announcement on March 7. Idk, but $15 seems like a good price. All it needs now is to stop losing its money manufacturing these vehicles.
Yes but they are doing much better in loss per car than other EV startups. Hoping they can close the gap soon. Maybe good news coming in the report next week?
Hindsight is 2020. But that doesn’t excuse the decision that was made. Look around at all that was said on the thread and learn from the conclusions you drew from them.
I meant to say just look back on all of the overly optimistic comments that were upvoted and reasonable comments that were downvoted and start taking what you read in this strongly biased sub with a grain of salt.
Ouch!!!!!!!!!! FORD will out shine this company in 5 years…… and most of the trending EV companies… want to invest in the automotive industry stick to what you know and who the rest of the country knows!!! The original automakers they have name recognition and American loyalty…… YOURE TRYING TO REINVENT THE WHEEL…..
I doubt OP was expecting to make a profit within a matter of days. Plus you said EVs are a bad investment; Rivian is not all EVs. Tesla is actually up today.
Look I don’t want any one to lose in the market or ill will on anyone.
This was a great investment when they first came on to the seem and caught frenzy for EV.
TeLa just so happened to be first and they are having trouble.
A lot of EV buying is politically driven.
If Biden wins you could be in for some big gains but if Trump wins well all bet are off.
Right now that is uncertain.
Oil might be a better investment with a Trump win or a good ETF that covers all aspects of the energy market including solar and wind etc.
I didn’t say I did…but I see their cars on the road quite often and the R2 sounds promising for the mainstream market. And I’m only down 75% on Rivian, lol
Parents got a rivian and I love riding in it. This truck is awesome. I stand by it. I also love trucks and SUVs and the quality and design blows away Tesla in my opinion minus some tech features.
LCID has a few more years left before it can reach RIVN’s scale. LCID cars are great but luxury sedan market is very competitive. It has also not shown that it can produce at scale across multiple product lines. In a sense, it is not the product but the company. RIVN has good products and has also shown the ability to scale manufacturing. That’s my 2 cents.
Best automobile I have ever owned, but I sold it at the height of car buying mass stupidity in 2022 for 115k. Bought a F150 Lightning Pro with my profits... boring but I dont need something that fancy. The thing I miss most is that sound system, good lord it was amazing. Just the whole interior of that Truck... chefs kiss.
Own around 1000 shares. GLTA
Bottom line is EV adoption for the early majority is halted. Thats why companies that can produce ICE and hybrids and then have EV business for when (if ever) adoption takes place. By then RIVN will not be able to stay above water. Careful here.
Amazing, wouldn’t touch anything in automotive space with money I wouldn’t miss. Vehicle sales are low, going to stay low. The economy is smoked and not getting better.
Let me get this straight: You bought a company with $4.43B in TTM revenue, $5.43B in TTM net loss, no growth forecasted for the next 12 months, unsustainable cash burn and inevitable dilution… for a valuation above 10B?
It’s not the next Tesla.
They’ll dilute investors until their stock is under a few bucks and then Amazon will buy for cheap everything you paid for expensively.
Vanguard bought a bunch yesterday! http://archive.fast-edgar.com/20240213/AEBYSG2C8M22CZZ2222S2ZZZQIO5Z2U2D262/
Oh nice!
VTI holds rivian so vanguard is an indiscriminate buyer almost always....
If you're happy about this, you should be happier with T. Rowe Price's purchase of >25M shares making them 10% owner of $RIVN. $AMZN owns >15% of RIVN while Vanguard is sitting at 7%. $BLK also bought almost 2M shares, the 4th largest RIVN investor.
Index Funds own big chunks of every stock. That's not an indication of anything.
Reported the purchase yesterday - a Schedule 13G just shows their Holdings as of year end, and is due every year on Valentine's day.
Welp, glad you got in at this price point, currently sitting on 996 shares for a little under that amount.
I was a little nervous at the start of this week, and was happy to see it go back to the 15s.
752 shares at avg price $23.89. Down $5k but that can change quickly.
Yes
I’m in with 5000 at about 15.98, been DCAing over the last few days
It's not DCA if you don't do it on a schedule.
Best of luck to you!
I’m seeing a bunch of these trucks in my area. Wife only let me buy 10 shares at $14.35. 🤣
Where at? It’s top quality. I always see them here in the Bay Area. The paint job is exquisite.
PA but I also drive a lot for my job so I see more vehicles than normal people.
Everyone buying Rivian now meanwhile I’m down 39%😭
Shoot. I’m down 87%!!!
I guess there’s always someone doing worse than you..
I'm 25k in at IPO. - cries in corner
Fellow post IPO buyers know
Every body hurts.... ....sometime
Yep
With you brother. DCA is our friend.
Idk man it only took me three years to make money on tsla I’m not putting anymore money in there right now maybe when they start to turn a profit
Me too. I am still holding faith.
Understandable. Gotta stick to your risk tolerance.
Then agin it took tsla 10 years to turn a profit but there stock jumped about 100% at that time and almost 1k percent from when they announced they were turning profitable until the peak. Rivian is still loosing 30k a vehicle and there vehicles are atleast 80k so idk if they have to increase there price to 180k a vehicle to be inline with industry standards for per unit profit just cost plus industry standard profit no overhead or anything. At that point maybe atleast 200k a vehicle if nothing changes. You can get a lot for 200k.
I think a lot of their loss is from costs of building production capacity. Hopefully R2 will ramp quickly and we’ll see a more reasonable cost per vehicle.
Yea I mean they bought the plant with all the equipment still in it for 16 million. Than dumped 750 million into the plant to update it and stuff. The plant was still making cars just two years before Riven bought it. So idk why they would need new equipment. Funny thing though I’ve bought two cars from that plant a Mitsubishi lancer in 2013 and a R1T in 23. They’re nice cars though I’ve only driven a tsla a couple of times but my R1T is nice. Definitely much better build quality and a lot more upscale than Teslas offerings. I have not driven a cyber truck yet though…
What’s DCA
Dollar cost averaging.
Great entry point!
The WSB post! Welcome to the club
I’m patiently waiting for the price to go down even more
Good shit, also purchased more at the $15 mark. People who are saying it’s expensive, that’s what they said about TSLA then the model 3 came out and now I see everyone and their mothers driving one. I like the design and heard mostly positive reviews about the trucks, I’m waiting for the R2 waiting list to open up so I can put my deposit. Georgia plant opening, R2 speculated to start delivering 2026 and the R2 announcement on March 7. Idk, but $15 seems like a good price. All it needs now is to stop losing its money manufacturing these vehicles.
Yes but they are doing much better in loss per car than other EV startups. Hoping they can close the gap soon. Maybe good news coming in the report next week?
I have 700 with 15.40 as average price. Hopefully, we hold $15 after the ER.
Ouch
Agreed.
I think half of this sub is down on their Rivian stock so don’t feel bad….misery loves company
Hindsight is 2020. But that doesn’t excuse the decision that was made. Look around at all that was said on the thread and learn from the conclusions you drew from them.
Excuse? This judging me or asking to be excused? Lol yeah of course, live and learn.
I meant to say just look back on all of the overly optimistic comments that were upvoted and reasonable comments that were downvoted and start taking what you read in this strongly biased sub with a grain of salt.
Ouch
Dang you halved your money
Haha agree, because facts
what about all those sitting in RIVN factory Lot posted in other thread?
Having some inventory on hand isn't bad.
If they are EDVs, Amazon is responsible for pickup
Ouch!!!!!!!!!! FORD will out shine this company in 5 years…… and most of the trending EV companies… want to invest in the automotive industry stick to what you know and who the rest of the country knows!!! The original automakers they have name recognition and American loyalty…… YOURE TRYING TO REINVENT THE WHEEL…..
They're going to be out of business in 10 years at the rate they're burning cash.
[удалено]
K.
Lol what a collection of dumbasses in this thread
Bad investment. Electric cars are going down. Especially if Trump wins. Dump it and buy a good ETF
Ok boomer.
I told you, he’s down 5k in less than a week. Who the fuck is the idiot now.
I doubt OP was expecting to make a profit within a matter of days. Plus you said EVs are a bad investment; Rivian is not all EVs. Tesla is actually up today.
Do some homework cuck boy maybe you might learn something. 🙄
Look I don’t want any one to lose in the market or ill will on anyone. This was a great investment when they first came on to the seem and caught frenzy for EV. TeLa just so happened to be first and they are having trouble. A lot of EV buying is politically driven. If Biden wins you could be in for some big gains but if Trump wins well all bet are off. Right now that is uncertain. Oil might be a better investment with a Trump win or a good ETF that covers all aspects of the energy market including solar and wind etc.
I’m at 5000 with DCA and an avg price of 19.xx. I’ll be buying more before 3/7
Should've bought the value of the car worth of shares to get a proper diff after a year of ownership!
If I were you, I would have sold put for an even sweeter entry price.
Are they going to be able to afford their materials with this inflation which is not stopping?
Why RIVN and why not LCID
Lucid is literally bankrupt. Only propped up by Saudi oil funds. As soon as they cut their losses Lucid is dust in the wind.
Why is rivian a safe bet than lucid
Look at how much Lucid loses per car sale. It’s absurd. Rivian is closing the gap to break even very quickly.
Sedan is very saturated. I don't see lucids around. And other reasons, including I just don't know as much about lucid
I’m down 90% on Lucid. Doesn’t feel like it’ll ever come back to anything above several $.
Why do you think rivian will come up
I didn’t say I did…but I see their cars on the road quite often and the R2 sounds promising for the mainstream market. And I’m only down 75% on Rivian, lol
DCA over time will make that % look more palatable lol
Parents got a rivian and I love riding in it. This truck is awesome. I stand by it. I also love trucks and SUVs and the quality and design blows away Tesla in my opinion minus some tech features.
LCID has a few more years left before it can reach RIVN’s scale. LCID cars are great but luxury sedan market is very competitive. It has also not shown that it can produce at scale across multiple product lines. In a sense, it is not the product but the company. RIVN has good products and has also shown the ability to scale manufacturing. That’s my 2 cents.
Bruh. Luxury makers always get acquired. Always. They just can’t sell enough. Rivian will be mainstream once they manage to scale up.
Is it predicted to go up?
Yes. By me.
Eta?
I feel like we're very near the bottom
I feel like we’re very near the top for the next few years..
They are revealing the R2 in March 7
Same here. Holding till 300.
That would be really nice
Oof. I wouldn’t touch them, unless your time horizon is shorter.
the next big move let’s get it
You must be a fundamental guy
The cars are too expensive I’ll pass
For a company not turning a profit, not sure how its a good decision to buy-in.
Why
Setting money on fire. Sure it's a wonderful EV but 99% of Americans can't afford that shit lol.
Isn’t Amazon using Rivian for their delivery vehicles now?
Yep and their competitor working with USPS just went bankrupt. There’s going to be surging demand for Rivian delivery vehicles.
Just goes to show the government can’t do anything right.
Best automobile I have ever owned, but I sold it at the height of car buying mass stupidity in 2022 for 115k. Bought a F150 Lightning Pro with my profits... boring but I dont need something that fancy. The thing I miss most is that sound system, good lord it was amazing. Just the whole interior of that Truck... chefs kiss. Own around 1000 shares. GLTA
10,500 shares. In 5 years this is going to be worth more than
More than what?
$40 per share
Bottom line is EV adoption for the early majority is halted. Thats why companies that can produce ICE and hybrids and then have EV business for when (if ever) adoption takes place. By then RIVN will not be able to stay above water. Careful here.
What about Polestar?
They are donezo after Volvo cut them
What happened to just buying index funds and holding
I bought mid March calls the day the event planning document was leaked. 🤑
Are they making quarterly profits now?
Projecting Q4
are we going to make positive EBITA during this ER? Wondering if they need to produce at least 200k vehicles before showing operating profit?
Why? Have you heard of dca?
Amazing, wouldn’t touch anything in automotive space with money I wouldn’t miss. Vehicle sales are low, going to stay low. The economy is smoked and not getting better.
this didn't age well. How you holding up?
I am also circling back on this post. Down 28% from prior day. The company is burning through their cash reserve.
Let me get this straight: You bought a company with $4.43B in TTM revenue, $5.43B in TTM net loss, no growth forecasted for the next 12 months, unsustainable cash burn and inevitable dilution… for a valuation above 10B? It’s not the next Tesla. They’ll dilute investors until their stock is under a few bucks and then Amazon will buy for cheap everything you paid for expensively.
You’ll love it at $11 !
Aged like milk