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Thread: RIVIAN

  1. #13

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    Default Re: RIVIAN

    Quote Originally Posted by Bullitt View Post
    News that the battery performs worse in real life than in a lab environment. Down 15%, I guess the market isn't too thrilled by the insulation in the final build.



    https://www.reuters.com/technology/r...on-2021-11-19/
    I feel like a vehicle that delivers things all day every day should have a LOT more range than that...

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  3. #14

    Default Re: RIVIAN

    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Please do your own due diligence.

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  5. #15

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    Default Re: RIVIAN

    https://www.cnbc.com/2021/12/16/rivi...-to-71000.html

    Interesting that the words in the link look super bullish, but the article itself is actually very bearish (in my opinion).

    "For the third quarter, Rivian reported an operational loss of $776 million and a net loss of $1.23 billion...."


    The company posted a loss per share of $12.21 on revenue of about $1 million...."

    "
    It expects capital expenditures of about $8 billion through 2023, with some analysts such as BofA Securities’ John Murphy forecasting Rivian won’t turn an operating profit until at least 2025."

    Edit: And this company is currently valued at $92B...

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  7. #16

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    Default Re: RIVIAN

    Another hyped meme stock down almost 50% from it's high. This one didn't take long.

    Are electric vehicles cool? Yes. Are they practical? No.

    There aren't enough natural resources on earth to switch over to electric on a mass scale (magnesium, lithium, cobalt, nickel).

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  9. #17

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    Default Re: RIVIAN

    Continues to get smashed, down 11% today and right back to those December 20th lows. Still, nothing even close to being delivered and valued at $90B.

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  11. #18

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    Default Re: RIVIAN

    Quote Originally Posted by Bullitt View Post
    Continues to get smashed, down 11% today and right back to those December 20th lows. Still, nothing even close to being delivered and valued at $90B.
    Ya this one still has a long ways to head down. I get the value in having a huge contract with Amazon, and that 20% of it is owned by Amazon, but it's not worth THAT much. At $50K per van, that contract should bring in $5B in revenue through 2024. So maybe $1.65B annualized, unknown profit margin, and people think that is worth a $90B valuation? I don't know where the bottom is for this one, but I believe it's lower from here.


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  13. #19

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    Default Re: RIVIAN

    Record closing low.

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  15. #20

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    Default Re: RIVIAN

    Always be skeptical of "retirements" at the top.

    The chief operating officer of electric-truck startup Rivian RIVN -5.61% Automotive Inc. left the company last month as the company was ramping up production of its first three models.

    Rod Copes retired from Rivian in December, the spokeswoman confirmed Monday. Mr. Copesís retirement was planned for months, she said, and his duties have been absorbed by the leadership team. As of Monday afternoon, Mr. Copes was still identified on Rivianís website as the companyís operations chief.
    https://www.wsj.com/articles/rivians...up-11641849820

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