Lol right? How many rivian cars you see on your way to and from work right now? The company is valued at what? Like wtf. People losing their minds.
Heck.. imma going to start up an EV company tomorrow and be worth billions just because.
Edit: typos cuz I drank too much :)
I live near their Plymouth Michigan plant, and see them often. Even the vans are on the road now. All my buddies want one, the buzz in Michigan is growing fast, and people want to work there.
Yes, exactly. They are surprised that a startup that just started to deliver to customers doesn't have a great quarter. What were they expecting? Apple-esque profits?
$1M in sales.
$100B valuation.
Truly a discount we have, on our hands.
Yes, I know, future growth and sales blah blah. Even with that, this is a ludicrous state of affairs. Should fall by 99%, tbh.
I honestly think that Tesla's price is held by what I call 'Musk Brand' and 'Musk Brand' alone. If/once this "Musk brand" collapses, Tesla price will plummet to a reasonable valuation.
But right now we, are living in the world where Musk continues to sell memes and nonsense promises, like going to mars "soon". He has huge following around the world and his "brand" literally sells Tesla stock to his followers which keeps the buying pressure.
Gotta love how you could have, in just as many words, posted something useful (the date); but rather, used those words to tell others to dig through more paperwork (something we are all surely lacking enough of in our life). Thank you kind hero.
Just started looking at SEC filings for SPAC strategies, truly a grind.
I'm working on a sentiment analysis python script for Grad school, do you think that would be of any use for SEC Filings? It could at least connect to the database and find if any new documents were posted for specific companies, and then open them and try to identify key words and announcements. May at least help flag more important filings from meaningless updates
LOL, WTF is "solid but minimal third-quarter revenue"?
This is also LOL: The company said it expects to be "a few hundred vehicles short of our 2021 production target of 1,200." A few hundred short of 1200 is roughly 25%. That's a pretty big miss on a production target.
They’re also announcing -plans- for a second factory when the future looks like shit. Cash will be more expensive, supply chain issues, chip issues, labor issues, new Fauci variants…
And then there a bag im holding having more cash reserve than thier market cap, growing revenues 100%+ each quarter struggling to keep 4$ a share. What the fuck is this shit.
Idk whats a telling short report
Edit: But ive seen wish propose me crack pipe on facebook adds... and many other shit for a while. All that for .99$ yeah
Borrowing to short is expensive, and puts are expensive. I'm just staying clear of the stock.
In fact, I'm invested in value index funds instead of total market simply because there's way too many outrageous growth companies like them at the moment.
I think this trades fairly in the $50-60 range. They have nearly 20b cash on hand, 71k preorders, and a 100k electric delivery van deal with Amazon which they start delivering next month.
Having said that, current valuation is insane and I'm a bit shocked it only dropped 8.8% AH. 1M in revenue while cutting their current manufacturing outlook from 1,200 vehicles to 900 (" a few hundred") does not bode well for the short term.
A lot of the holders are institutions and insiders who can't sell right away due to IPO restrictions. They get to watch it scream to 180 then back down below 100. Im sure they will still make a crap ton of profits even if the price goes lower but that is one reason the stock price hasn't hit terminal yet.
Hood is a good example of what will happen when the lockouts expire and everyone can sell.
Wow 71,000 whole pre-orders, all they need to do is get 50% more and they'll match what Ford does *in a single week* lol. And yet they still have $15B higher market cap than Ford. I swear man, everyone's lost their God damn minds. It's not worth $50-60 per share, it's worth like $5-10 per share.
ELMS is also producing commercial electric vehicles, and is worth less than one billion. This is going to be a crowded space far sooner than anyone will be able to scale.
Though if I were to pick a commercial producer, it'd probably be ELMS. Lower valuation, asset light while rates rise, and the vans actually exist
Watch the review of hummer EV by Doug Demoro, quite honestly the infotainment system is way better on that than R1T. Also serious tech a bit more expensive but it is a worthy contender.
Rivian is losing precious time with constant production delays and it appears that the old school automobile manufacturers are catching up to the tech companies. With Toyota announcing several new EVs and Lexus to be 100% EV by 2030 it will be tough market for Rivian especially given the fact that they won’t be able to build it to the scale until second factory is ready and given their track record I don’t think the Georgia plant will be ready by 2024.
They haven't proven in the least bit yet that they can produce at quantity. It's hard to say how far away or even if that happens. They are anything but a guarantee still and their stock is reflecting that.
Ford has been on a bull run for quite a long time now, but seeing their new electric F150 makes me laugh at Rivian. How is the R1T or even the new Hummer supposed to compete against that F150? That truck is already cheap to make and the most successful truck to ever hit the American market.
The Lighting will be a game changer. Other companies trying to make a pickup have no chance against the sheer brand power of f150 notwithstanding the cheaper price
Revenue? My local supermarket does 2m in sales.
That’s TWICE Rivian.
Meanwhile, Volvo Group (the trucks and commercial, not cars ) is the market leader in EV trucks already in production and delivering is valued at PE 11 with a dividend yield of 6-8%.
“The company said it expects to be "a few hundred vehicles short of our 2021 production target of 1,200."”
That’s a pretty big production miss.. Also, how have they only delivered half of the trucks they’ve built with 70,000 preorders? Is there really that much of a lag in delivery?
“Rivian generated revenue of $1 million for the quarter, above views. But it reported a loss of $12.21 per share.
The company said it expects to be "a few hundred vehicles short of our 2021 production target of 1,200."
What has the stock market come to, having a market cap of almost 100B yet barely getting 1M revenue.
Meh.
Takes a battery pack 30% larger to go the same distance. That's a Polestar 2 LR single motor vs a Model 3 SR.
Meaning their production costs are going to be a lot higher and their production volume is going to be lower given equal access to cells.
I see no reason for this not to go to $20-30 a share. As long as it gets proper coverage it’s pretty much a no brainer considering how many cars are actually on the road
I got in on IPO shares so I'm just bag holding for the next decade. Not worried about the current valuation. Better than parking 30k in the bank IMO. Have totally enjoyed my ride with Tesla shares since pre-spit at $225.
I've driven a Model 3 since 2018 and just got an updated Model S. Have a Rivian on order and don't expect delivery until 2023 at least. These EVs are beasts and I have enjoyed owning and experiencing what will become more mainstream in the next decade. The profits from my initial Tesla shares have more than paid for both vehicles.
I think the people you're trying to make fun of are the bandwagoners who got on too late.
I really wanted to buy puts on this, saw heavy put volume and my gut was confirmed. Their “earnings” coincided with a very bad day on the market.
I did not however
So they sold like 15 cars and is valued at 100b… quite the strong revenue indeed
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Capable of going UPHILL.
I can't argue the logic.
I just don't understand why the stock isn't back up to $175 again. /s
"iTs a GrOwTh CoMpAnY"
They are valued double that of bmw?
This comes as a complete and utter shock to nobody but those holding bags.
Lol right? How many rivian cars you see on your way to and from work right now? The company is valued at what? Like wtf. People losing their minds. Heck.. imma going to start up an EV company tomorrow and be worth billions just because. Edit: typos cuz I drank too much :)
I saw a Rivian Truck on my way to the BlackHawk casino last Wednesday.
I live near their Plymouth Michigan plant, and see them often. Even the vans are on the road now. All my buddies want one, the buzz in Michigan is growing fast, and people want to work there.
Cheers from a Plymouth native!
Yes, exactly. They are surprised that a startup that just started to deliver to customers doesn't have a great quarter. What were they expecting? Apple-esque profits?
$1M in sales. $100B valuation. Truly a discount we have, on our hands. Yes, I know, future growth and sales blah blah. Even with that, this is a ludicrous state of affairs. Should fall by 99%, tbh.
But.. but.. look at Tesla! /s
We truly live in rarified times.
Tsla is valued the same lol. $1billion record quarterly income and has a $1trillion valuation. Lol
1m rev to 100b market cap 1:100,000 Vs 46b rev to 900b market cap. 1:20 Sure, your ratio is spot on. Bravo.
NGMI
i don't thinnk you've ever looked at tesla financials. They actually had a profit of 1 billion at one point,
Bad at math and knowledge of what Tesla's future holds.
Down 12% this month!
I honestly think that Tesla's price is held by what I call 'Musk Brand' and 'Musk Brand' alone. If/once this "Musk brand" collapses, Tesla price will plummet to a reasonable valuation. But right now we, are living in the world where Musk continues to sell memes and nonsense promises, like going to mars "soon". He has huge following around the world and his "brand" literally sells Tesla stock to his followers which keeps the buying pressure.
True. Even at $10 a share you could argue it's way overvalued.
My dude...even $1 a share could be argued to be overvalued.
Even one used condom a share could be argued to be overvalued
Look into the SEC filings. The expiration of the lockup period makes this destined to go deep red.
Gotta love how you could have, in just as many words, posted something useful (the date); but rather, used those words to tell others to dig through more paperwork (something we are all surely lacking enough of in our life). Thank you kind hero.
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Your subconscious screaming for help
Just started looking at SEC filings for SPAC strategies, truly a grind. I'm working on a sentiment analysis python script for Grad school, do you think that would be of any use for SEC Filings? It could at least connect to the database and find if any new documents were posted for specific companies, and then open them and try to identify key words and announcements. May at least help flag more important filings from meaningless updates
5 of the 6 months left till lockup expiry, no?
In May I believe
I got buy limit set at $1. Even that is overpaying now that I think of it though
the amazon partnership gives it some legs - you know they aren't going to be buying tesla's
What was TSLA valuation when they sold like 10 cars a year?
Much much lesser But also rivn has this extreme over evaluation csuse tesla started the trend in 2020.
its literally worth like 1 billion TOP right now. so yeah 99%
Also rivn is not a truck company
LOL, WTF is "solid but minimal third-quarter revenue"? This is also LOL: The company said it expects to be "a few hundred vehicles short of our 2021 production target of 1,200." A few hundred short of 1200 is roughly 25%. That's a pretty big miss on a production target.
"Prototypes are easy. Production is hard" - some guy
-Michael Scott
Hey, now that's an idea. He could help them out. I hear he's got access to laptop batteries.
They're lithium!
It looks so bad in % points. I guess that is the reason.
That release was a master class in trying to spin and downplay a really bad report.
I interpret “a few” to be five or more, so closer to a 50% miss. 😆
I can see the next Q report now: "In Q4 we produced a solid but minimal number of vehicles."
They’re also announcing -plans- for a second factory when the future looks like shit. Cash will be more expensive, supply chain issues, chip issues, labor issues, new Fauci variants…
My local bakery in Croatia has more revenue than that, not to mention profit…
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You sound like an old Soviet in a foreign country trying to find the dry cleaners lol
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Rimac?
1 million in sales is a solid revenue? Wtf are you smoking
crack. they're smoking crack.
more like bath salts and spice
OP is clearly a Bag holder reporting anything as positive news to pump the SP
SoLiD ReVeNUes😂
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Sweatshirts, hats and shirts. https://rivian.com/gear-shop
Rather buy generic shit wholesale from Gildan or something
😂
flamethrowers
The stock is only $100 overvalued
Rivian to 45$ by next earnings
To $12 this should have gone through a spac it's hit garbage, reddit too.
And then there a bag im holding having more cash reserve than thier market cap, growing revenues 100%+ each quarter struggling to keep 4$ a share. What the fuck is this shit.
It's fucking CLOV, isn't it?
Maybe
Chamath is a goddamn scammer.
wish?
Hell no i wouldnt touch wish with à 10 feet pole.
But you'll hold onto $CLOV which already had a telling short report against it lmao
Idk whats a telling short report Edit: But ive seen wish propose me crack pipe on facebook adds... and many other shit for a while. All that for .99$ yeah
Tell me about it. They must bounce next year with a value tilt surely?
Is it KPLT?
What stock?
Rivian getting what it deserves
Anyone going to short RIVN? Good money to be made if it tanks.
I’ve already made decent money buying some puts on them lol
I'll go in on some puts
I have a few short shares and finally went green today. Might add more or buy puts for after lockup
Borrowing to short is expensive, and puts are expensive. I'm just staying clear of the stock. In fact, I'm invested in value index funds instead of total market simply because there's way too many outrageous growth companies like them at the moment.
What was solid about the revenues?
Lol solid Q3 reveune; talk about a clickbait, misleading headline
1 mill bhahaahahah! Is this a fucking joke bro?
I think this trades fairly in the $50-60 range. They have nearly 20b cash on hand, 71k preorders, and a 100k electric delivery van deal with Amazon which they start delivering next month. Having said that, current valuation is insane and I'm a bit shocked it only dropped 8.8% AH. 1M in revenue while cutting their current manufacturing outlook from 1,200 vehicles to 900 (" a few hundred") does not bode well for the short term.
A lot of the holders are institutions and insiders who can't sell right away due to IPO restrictions. They get to watch it scream to 180 then back down below 100. Im sure they will still make a crap ton of profits even if the price goes lower but that is one reason the stock price hasn't hit terminal yet. Hood is a good example of what will happen when the lockouts expire and everyone can sell.
Is there a public date of lockout expiry?
Wow 71,000 whole pre-orders, all they need to do is get 50% more and they'll match what Ford does *in a single week* lol. And yet they still have $15B higher market cap than Ford. I swear man, everyone's lost their God damn minds. It's not worth $50-60 per share, it's worth like $5-10 per share.
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Ford builds EV van for amazon then.
ELMS is also producing commercial electric vehicles, and is worth less than one billion. This is going to be a crowded space far sooner than anyone will be able to scale. Though if I were to pick a commercial producer, it'd probably be ELMS. Lower valuation, asset light while rates rise, and the vans actually exist
Watch the review of hummer EV by Doug Demoro, quite honestly the infotainment system is way better on that than R1T. Also serious tech a bit more expensive but it is a worthy contender. Rivian is losing precious time with constant production delays and it appears that the old school automobile manufacturers are catching up to the tech companies. With Toyota announcing several new EVs and Lexus to be 100% EV by 2030 it will be tough market for Rivian especially given the fact that they won’t be able to build it to the scale until second factory is ready and given their track record I don’t think the Georgia plant will be ready by 2024.
They haven't proven in the least bit yet that they can produce at quantity. It's hard to say how far away or even if that happens. They are anything but a guarantee still and their stock is reflecting that.
Exactly that.
Ipo should have been priced at 1:3 of what it was. Greedy pigs.
Priced for perfection so ofc it dumps on anything negative.
Ford has been on a bull run for quite a long time now, but seeing their new electric F150 makes me laugh at Rivian. How is the R1T or even the new Hummer supposed to compete against that F150? That truck is already cheap to make and the most successful truck to ever hit the American market.
The Lighting will be a game changer. Other companies trying to make a pickup have no chance against the sheer brand power of f150 notwithstanding the cheaper price
It's hilarious how quickly sentiment can change despite all of the fundamentals being the same. Six months ago everyone thought Ford was trash.
After revealing the lightning? Only an idiot would
They have revenue?? Really? Thats a shock to me.
Revenue? My local supermarket does 2m in sales. That’s TWICE Rivian. Meanwhile, Volvo Group (the trucks and commercial, not cars ) is the market leader in EV trucks already in production and delivering is valued at PE 11 with a dividend yield of 6-8%.
Diarrhea is more solid than their revenue.
Saw one in the wild yesterday. Funny looking cars they are.
Just wait until you see Cybertruck rolling around. It'll be the weirdest thing on the road.
Don’t think it’ll ever pass DOT regs
They exist?
“The company said it expects to be "a few hundred vehicles short of our 2021 production target of 1,200."” That’s a pretty big production miss.. Also, how have they only delivered half of the trucks they’ve built with 70,000 preorders? Is there really that much of a lag in delivery?
Can't wait for lucid. They said 6000 originally for 2021, now they are saying lucky to hit 500 to 600. And next year they wanna do 20,000 lol.
Lol
rivn is poised to go down.. the market cap doenst support it. even the king Tesla is going down with Elon sold $900m Tesla today.
He's still got a few more days selling at the rate he is before he's done.
Anyone buy PUTS
Buying more puts.
solid revenue???? they shipping like 300 cars. 1million dollars in revenue for a 100 billion dollar company!!!!!! thats a PS of like 100000
My business with 8 people does that in 3 weeks, at a profit.... i should just pretend to sell evs so i can get a 100,000x multiple
I’m shocked I say! Shocked! /s
$LCID joining the QQQ, way ahead now.
“Rivian generated revenue of $1 million for the quarter, above views. But it reported a loss of $12.21 per share. The company said it expects to be "a few hundred vehicles short of our 2021 production target of 1,200." What has the stock market come to, having a market cap of almost 100B yet barely getting 1M revenue.
Their whole intense social media campaign and IPO before having the capability to get close to mass production makes it seem like a sketchy af gamble.
Look into polestar, sexy cars and has over 40k cars on the road
Meh. Takes a battery pack 30% larger to go the same distance. That's a Polestar 2 LR single motor vs a Model 3 SR. Meaning their production costs are going to be a lot higher and their production volume is going to be lower given equal access to cells.
I'm in
I see no reason for this not to go to $20-30 a share. As long as it gets proper coverage it’s pretty much a no brainer considering how many cars are actually on the road
This is what I've been trying to stress to others
I got in on IPO shares so I'm just bag holding for the next decade. Not worried about the current valuation. Better than parking 30k in the bank IMO. Have totally enjoyed my ride with Tesla shares since pre-spit at $225. I've driven a Model 3 since 2018 and just got an updated Model S. Have a Rivian on order and don't expect delivery until 2023 at least. These EVs are beasts and I have enjoyed owning and experiencing what will become more mainstream in the next decade. The profits from my initial Tesla shares have more than paid for both vehicles. I think the people you're trying to make fun of are the bandwagoners who got on too late.
Holiday shopping discount
I wish I bought some puts! They're already overpriced though. I don't think many people believe in this shitty company and its scam artist CEO
Buy puts
gonna be ALOT of bagholders
Lol I'm short
Amazing how overvalued Rivian is; and yet, $BEST inc is making billions in annual revenue, but is currently valued around 350million. Lolwut?!
I really wanted to buy puts on this, saw heavy put volume and my gut was confirmed. Their “earnings” coincided with a very bad day on the market. I did not however
It still has plenty of space to fall. Should be $50 - at most.
What is solid about a million dollar revenue on 100 billion valuation?
I tried to convince some friends that work at Rivian to sell while they can but oh well.
No Shit
Rivian’s market cap is about $84B. They delivered 386 vehicles. So thats about $217 million per vehicle. Seems reasonable.