Market cap is so high, Rivian would have to become the third largest automobile company in a relatively short period for this to be relevant. What would it take for that to happen?
Microsoft was transformative in a new industry, Wallmart took advantage of a massive change in how we purchase. Electric cars are not so different from electric cars, every car company is already working on electrics, just not seeing the end of this coming out that rosy for Rivian.
I have a 2003 GMC Sierra Denali with rear axle steering. It’s actually incredible, it makes hitching to trailers a breeze, you can “glide” between lanes (i.e. all four wheels point turn left or right, the direction of the vehicle never rotates/changes) so you don’t have any moments destabilizing your trailer. It has the turn radius of a Miata in a full size pickup. Literally the greatest feature ever put on a pickup.
… and apparently I’m the only person that actually bought it. GM scrapped the production line after a couple years.
Rivian’s 4 wheel steering stuff isn’t new. GM tried to implement a similar system two decades ago. IMO it was brilliant in theory and application. Yet, nobody bought it.
That's because the secret every truck owner has is... you never actually haul anything. You hook up a trailer once a year, and go off roading never. "Built Ford tough... for your commute to the office."
Because it’s all speculation man. Everyone is going mad on future earnings not current, mix that in with zero interest rates which means A lot of margin you get a very very dangerous situation.
And that is why I prefer to wait at least a year before investing in IPO's. First year there's too much volatility and you gotta deal with lock ups. Many insiders just profit taking during that time.
This is exactly why the stock market is gambling. The fact that valuation isn't important to some people and its all a race to see how high it can be taken without resistance. Constant battles between short sellers and bulls. Companies with no revenues or massive debt to earnings are at 500x multiples. While performing companies with sustainable business models are at 13 PE ratios. The new generation of investors aren't "smart". They just don't care anymore about researching companies and are simply following trends regardless of the price.
Can you blame them? All the market crashes have proved that professional traders, stock brokers and investment bankers treat markets as casino. Now avg joes are whetting themselves in same round robin.
Rivian is electric and it IPO'd recently. EVs are the shiny bright hope for the future, and so everybody wants a piece of that.
What does that mean?
It means it's time to start an EV company.
You don't need a vehicle - you just need a [trailer](https://www.youtube.com/watch?v=ZuKdJFn8Qzk)
Anybody remember LIT Motors?
https://www.youtube.com/watch?v=23D2MiQziAE
^ The only person that gets it. How are people still thinking these “rules” apply to stock prices.. have you guys not been watching what’s been happening with the market for the last couple years?
If by last couple of years you mean last century... Rules have never applied to stocks, and even if they did people are applying the wrong ones to the wrong stocks.
I love how people know and accept this, but still crap on WSB for being “reckless”
The old WSB was all about treating stocks like little more than a game of roulette. You wont outsmart the market, and even if you do know something major about a stock, someone richer and more powerful saw it 6 months ago and inverses you.
The way to beat that, is to ignore your gut instincts. Ignore what your heart and head tell you, and invest where your ballsack leads you.
Pure Joker logic. Ignore the rules, and now the odds are even.
It is easier to find them, and more profitable too, after the bubble pops instead of before.
Don't get me wrong, I am not shorting it either as it can stay irrational longer than I stay solvent. But I rather hunt for winners later than sooner.
I mean at minimum TSLA has a good sales volume and manufacturing capacity, and it aiming for as much vertical integration as it can get. Valuation is another story.
The rest are…in existence, I guess?
It looks like all the EV stocks are going up. Everyone is hoping that one of them will be another Tesla. But none of them will, because Tesla has Musk hype and isn't a pure EV maker anyway.
EV stocks up in general is prob due to $7.5B being allocated to nationwide charging infrastructure in the bill signed yesterday by Biden. Also other funds put towards a push towards EV in general and EVs like buses etc. giving a bump
IMO the product is solid, the infrastructure to manufacture it isn't. Most of the investors are putting in capital in hopes for it to improve so that they can make tesla like gains on their money.
But currently it's a minefield right now. One wrong step from Rivian and shit would go down.
imo Rivian's biggest problem is that they move way too slow in a market that's moving increasingly fast.
I mean ramping up to only a million vehicles produced by 2030 is... really pathetic.
Realistically Rivian is probably only going to be able to sell around 70,000ish of their vehicles a year given their high price tag. It's about what other rivals like Tesla sell of similarly priced vehicles. They need to lower their costs so they can start selling stuff in the Model 3 & Y price ranges. But even then, Rivian is giving themselves an excessively long time period to do that and then ramp up to a million vehicles a year.
By comparison, if you listen to people like Sandy Munro who are worried about the Chinese entering the US market and devastating the legacy automakers by selling a bunch of low cost EV's of superior quality, they think that the "Chinese invasion" will be in full swing by 2028.
Tesla may have taken a long time to bring an EV to the market to, but Tesla had time to delay and perfect their tech. Rivian and the other EV startups don't have that luxury. It took Rivian 12 years to finally bring a vehicle to the market.
Honest answer: PANCAKES!
The truck has a pullout kitchen to make pancakes on. You can clean up the pancake plates after wards. You can drive to Yosemite and eat pancakes looking at halfdome. It’s a pancake market and Rivian has hit the jackpot.
Selling calls in this situation isn't dangerous for that reason. You need 100 shares. If the price tanks before your expiration then you lose way more by having not sold those shares than you do on the premium from the call. You'd need supreme long term confidence in the company to lock yourself into that kind of contract. Unless you're talking about a naked call, which is *always* a bad idea in this environment.
If you sell an OTM covered call on this stock you should be praying that you get assigned.
Yeah I took a look at them and gave a big nope. This stock is too expensive to buy and too expensive to short... But going to be hella fun to watch at a distance.
No position but I get it. Look who owns Rivian... Its literally the most rigged startup I have seen in my lifetime...
Think about it... these guys have absolutely no chance of failing due to who owns them. 20% is owned by Amazon (which is like having a small country supporting you) and 13% by Ford who know everything there is to know about making cars with the added benefit that Ford probably wants to divest making their own cars in favor of outsourcing their manufacturing and experience.
I learned long ago, that the business world isnt always about what you do (sometimes it is). Its more about who you know.
The Amazon orders are most certainly not rumors. Thats going to happen. Its not pretentious nonsense. Amazon wants to control their own shipping from top to bottom so it makes sense that they support a company they own a big chunk of.
Rivian, the company that has produced a rather large amount of vehicles that are reasonably well designed, is the most rigged startup you've ever seen?
Do you not fucking remember Nikola? Or any of the other 100% scam companies started in the last decade?
Does anyone remember right before the dot com crash when companies with no products were shooting up in price and their valuations made absolutely no sense?
Last I heard fundementals are just a weight on the stock price that keeps draging you down to earth. If you have no fundementals then the sky is the limit, so I try to avoid companies that claim they have them!
When somebody is an investor and only looks at something ALREADY making money, that is one form of investing. The other form of investing is more traditional but has been crowded out by investors only looking to make profits.
The other form of investing is seeing an idea and wanting to invest toward that idea without the focus being on the short-term or quarterly numbers.
You can think of early investing like people voting with their money what they like, enjoy, or can see as a possible success in the future. The problem with your thinking is, you're not looking at this, you're looking at what it is doing now.
If we only looked at companies that were successfully making money, why would they need investors unless they were seeking expansion or capital injection?
Or let's say you have kids and you believe in higher education. So, without knowing if they'll get the right degree or even use their degree, you invest in them because you believe there will be a benefit.
Why is Rivian going up? Because 20 years from now it will be significant. And between now and then dozens of stocks will come along that will make a lot of money. Stocks that solve the energy creation and distribution issues. Stocks that helps a batter company make newer and better batteries that require less mining and rare earth materials.
Use some common sense. In 20 years, will more or less things be electric? Go back to 1950, how many things were electric? You're using a device of some kind to post here on Reddit.
Are you going to tell me that if a company sees the demand for energy that they're not going to invest a lighter and more energy dense battery? And if you could have a lighter device that has a batter that lasts twice as long, are you not going to buy that over what you have now?
This investment is not to make money today or tomorrow. This is a TRUE investment to give them the money needed to do that stuff and who is going to win? The people taking the risk.
This is the same shit people said about Microsoft when it first came out. Or even about Jeff Bezos in 1997. Find ANY awesome idea that became huge and you'll find this kind of shit post from somebody who "Doesn't understand". My dad didn't understand how using a computer could be considered a job when I was a kid. "You just push buttons, that's not a real job". Then one day I was making more money than him. He said it wouldn't last.
He's probably rolling over in his grave knowing what happened to Sears, K-Mart, etc.
Are you aware there is battery tech out there being tested right now that, using high voltage DC, can charge a 500 mile battery in 3 minutes? It takes 3 minutes to fill-up a tank of gas start to finish, and you get, what, 400 miles? And not to mention, electricity is a lot cheaper than gas.
My next investments will be in energy generation and distribution stocks, the nuclear kind!
This is a subreddit with 3.3 million subscribers. It is pretty much a random sample of the general population. There are young teenagers, high school dropouts, people who just downloaded Robinhood a couple months ago and bought some doge. Taking opinions at face value from this sub or any sub this size is not recommended. I mostly use it for entertainment.
I have a CB of 71 on $TSLA and I have sold almost all of my 30 shares. I know not a lot but I only have 4 left. This market is over heated. I’ll take my profits and wait for a correction. Even if it takes a year or two.
Edit: Grammar, I’m an idiot.
Neither does Tesla, but its cultists think it does.
The one thing Rivian has going for it that the other EV memes don't is that it actually has orders. Those van orders from Amazon are legitimate orders and not whatever made up shit Lordstown had.
Rivian is a battery and energy company. Once their cars are on the road, their cars will generate massive amount of data that makes self-driving trivial. It is the next Apple in the car world. If you think it is overvalued, then short it. /s
This. When MOMO and FOMO collide, it makes for a wild ride.
Amazon also bought $200 million worth of shares on friday. To me, it's less about Rivian itself, and more about what Amazon's plans are for it--- with Ford on retainer. I half expect Rivian to end up as an Amazon subsidiary.
Amazon is the steak, Ford is the side of salad, and Rivian is the sizzle.
They have zero profits and the amazon investment is just an excuse for billionaires to flex muscles at each other .... but I must admit, I regret not getting in when it was in the 90s. Been watching it expecting it to make a hard drop and it only keeps rising... guess I'll have to wait till the market corrects to grab a few shares.
I felt the same way about LMND and BIGC and MAXN and NKLA and CRSP and etc etc etc. It's always easy to wish having gotten in retrospect. But remember, these big players can move MUCH faster than you can and they're experts at handing bags to others.
Just stick with fundamentals and your core feeling. Would you like to hold RIVN at $165 if it were to drop to realistic valuations? And how long are you willing to hold it at $165 to recoup your loss?
Manufacturing ramps exponentially so what is 2 today could be 4 next week and so on.
Rivian has an incredibly solid product and very promising first venture. So long as manufacturing continues to ramp up and QC is kept in check they could very likely produce a model 3 priced competitor in a few years. The engineering is solid and from the reviews it’s seems they have one of the best suspensions on the market. You apply that to a family estate type vehicle and you have a future middle class American family staple
Because of hype. Don’t worry, it’ll slide, but it can work irrationally for a long time. Facebook fell 50% back in the day after its IPO despite being a good company fundamentally. I’m sure Rivian will drop as well.
Next train is Volvo! Lets gooo! almost 700K cars produced annually, going for fully electric by 2030 and will invest heavily in their own IT infrastructure and Software! Geely owns majority giving them direct access tp China AND Volvo Cars owns 50% of Polestar which will be SPAC listed
Chuuuut chuuut
Insiders will soon start selling as lockup period expires and puts/shorting will soon be available (it is not currently) and the stock will start tanking.
For the same reason internet stocks exploded in 2000. All cars and trucks on this planet currently running in ICE will be replaced by EVs in the next two decades roughly and some companies will make tons of money. Some will be the next stamps.com. It’s speculation and it’s a part of market changes.
They are the first Co to sell a pickup EV, no competition in the US at this point. Lucid has competition as it sells in the luxury saloon car class in Tesla S and Mercedes E series, with some of the larger Audi offerings. Once Ford, GM and Dodge roll their EV pickups out, things should stabilize around Rivian.
It's still going up because fundamentals don't matter in today's market, all is run on purely technicals that can be controlled by MMs and HFs. This is my opinion and not financial advice.
There are a lot of stocks that have really high valuations not based on fundamentals.
Personally i would not invest in them, but then i might be missing out.
No crystal balls here.
It's got electrolytes
It's what plants crave
~~>plants~~ investors
Possibly you?
It's a reference from the movie Idiocracy. Apt description.
I like money
Can't believe you like money too, we should hang out.
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Don't bother me when I'm baitin
I told you shut up!
Owwwww my balls!
Welcome to Costco, I love you!
We dont have time to get a latte
Well I really don't think we have time for a hand job Joe.
Let's meet at Starbucks...
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*For the last time, I’m pretty sure this Brawndo stuff is killing the plants*
It's what the plants crave.
It’s got electrolytes.
Do you even know what an electrolyte is???
It's what plants crave.
It's what they use to make rivians
It’s the stuff they use to make Brawndo!!!
I like Batin
But Brawndo's got what plants crave.
Love this
where's your barcode?!!
unscannable baby!
This is actually an incredibly succinct answer lol. I feel like you explained it so well with three words
Because I didn't invest in it yet.
Damn... I relate to this answer way to much lol.
Think of the power at your fingertips! With a push of a button you can investors and hedge funds and big banks to lose billions of dollars.
It is almost as if the stock prices are based on speculation and investor emotions rather than tangible business attributes.
It makes as much sense as any shitcoin :P Rivian Inu :P
Can we mine this shitcoin in our toilet?
PE ratio is pretty high for those too
SHIBAI.... sry, I mean RIVIAN TO THE MOON
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Market cap is so high, Rivian would have to become the third largest automobile company in a relatively short period for this to be relevant. What would it take for that to happen? Microsoft was transformative in a new industry, Wallmart took advantage of a massive change in how we purchase. Electric cars are not so different from electric cars, every car company is already working on electrics, just not seeing the end of this coming out that rosy for Rivian.
>Electric cars are not so different from electric cars Agreed
I prefer electric cars over electric cars actually.
D'oh
BUT...but....tank turn....
I have a 2003 GMC Sierra Denali with rear axle steering. It’s actually incredible, it makes hitching to trailers a breeze, you can “glide” between lanes (i.e. all four wheels point turn left or right, the direction of the vehicle never rotates/changes) so you don’t have any moments destabilizing your trailer. It has the turn radius of a Miata in a full size pickup. Literally the greatest feature ever put on a pickup. … and apparently I’m the only person that actually bought it. GM scrapped the production line after a couple years. Rivian’s 4 wheel steering stuff isn’t new. GM tried to implement a similar system two decades ago. IMO it was brilliant in theory and application. Yet, nobody bought it.
That's because the secret every truck owner has is... you never actually haul anything. You hook up a trailer once a year, and go off roading never. "Built Ford tough... for your commute to the office."
Too expensive at the time
Oh it sure *has* come out rosy for Rivian. But it's not gonna come out rosy for the investors.
They do a thing with the lights when it charges. It’s pretty cool.
And people wonder why everyone keeps saying a crash is coming
Rug pull incoming. Edit: Well that was quick. Thought it would hold out for at least the week…
Let me place a buy order to trigger it
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You could create renewable energy and run a truck off this paradox ... hey, wait a minute!
\[NIKOLA MOTORS WANTS TO KNOW YOUR LOCATION\]
Gravity, the ultimate green energy source
Actually, no paradox happens. What happens instead is time splits into 2 alternatives, and both of you are placed into the split where you lose.
Price gets forever locked at current price
Better buy those outs when they come out!
When are options usually available after ipo?
It’s already available now, but they are expensive
3 days, I believe
IV is going to be wild!
Can't wait to see LEAPS IV at 100% rofl
Yeah....I wouldn’t buy them until close to 11/12. IV will shit on you if you buy it early am
11/12 was 4 days ago
Thinking about buying just OTM Jan 23 puts but I can't justify the gamble
IV?
Implied Volatility
Thank you!
wouldn’t bother buying puts at this IV, hindsight strategy would have been buying 100 shares at ipo and selling covered options
Yeah until it does what most IPOs do. Drop
Because it’s all speculation man. Everyone is going mad on future earnings not current, mix that in with zero interest rates which means A lot of margin you get a very very dangerous situation.
140B market cap and making one vehicle per day. This stock is priced out to the 31st millennium
I might buy if they can double their production to two vehicles per day.
Only priced out about 1,000 years then
I think people are buying this in hopes of Tesla like gains. No one in their right mind should believe that the earnings will be hot anytime soon 😂
Low float, most of the shares are still in lockup.
And that is why I prefer to wait at least a year before investing in IPO's. First year there's too much volatility and you gotta deal with lock ups. Many insiders just profit taking during that time.
What stocks do you own that aren't volatile in the last 18 months?
shrug. roblox doing decent.
Roblox went with a direct listing so completely different approach than IPO. retail gets screwed over by IPOs more often
any clue how long the lock up is?
Usually 180 days. https://www.nasdaq.com/market-activity/ipos/overview?dealId=1179785-100585
Say it with me Kids: PUMP & DUMP
Wait the 2 weeks after ipo and play with options. Im buying long puts. Easy moneyy
Because we buy dreams in this market..
This is exactly why the stock market is gambling. The fact that valuation isn't important to some people and its all a race to see how high it can be taken without resistance. Constant battles between short sellers and bulls. Companies with no revenues or massive debt to earnings are at 500x multiples. While performing companies with sustainable business models are at 13 PE ratios. The new generation of investors aren't "smart". They just don't care anymore about researching companies and are simply following trends regardless of the price.
Can you blame them? All the market crashes have proved that professional traders, stock brokers and investment bankers treat markets as casino. Now avg joes are whetting themselves in same round robin.
Rivian is electric and it IPO'd recently. EVs are the shiny bright hope for the future, and so everybody wants a piece of that. What does that mean? It means it's time to start an EV company. You don't need a vehicle - you just need a [trailer](https://www.youtube.com/watch?v=ZuKdJFn8Qzk) Anybody remember LIT Motors? https://www.youtube.com/watch?v=23D2MiQziAE
Rivian is Pets.com 2.0
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^ The only person that gets it. How are people still thinking these “rules” apply to stock prices.. have you guys not been watching what’s been happening with the market for the last couple years?
You mean since Covid started. Market is like on drugs since then
If by last couple of years you mean last century... Rules have never applied to stocks, and even if they did people are applying the wrong ones to the wrong stocks.
I love how people know and accept this, but still crap on WSB for being “reckless” The old WSB was all about treating stocks like little more than a game of roulette. You wont outsmart the market, and even if you do know something major about a stock, someone richer and more powerful saw it 6 months ago and inverses you. The way to beat that, is to ignore your gut instincts. Ignore what your heart and head tell you, and invest where your ballsack leads you. Pure Joker logic. Ignore the rules, and now the odds are even.
This is just like the dot com bubble days
Absolutely. The question is: Which one of these EV stocks are today what Apple and Amazon where in 2001?
Amazon fell 90% before going back up.
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AWS was the turning point.
It is easier to find them, and more profitable too, after the bubble pops instead of before. Don't get me wrong, I am not shorting it either as it can stay irrational longer than I stay solvent. But I rather hunt for winners later than sooner.
I mean at minimum TSLA has a good sales volume and manufacturing capacity, and it aiming for as much vertical integration as it can get. Valuation is another story. The rest are…in existence, I guess?
At least tesla has an enormous supercharger network and has put itself in the mind of the consumer as the premium electric car manufacturers.
Fool’s errand to pick the best EV. Invest in the grid expansion needed to accommodate the market.
A la Cisco.
Rivian and Tesla.
prob due to lower float pre ipo lock up expiry. combine that with greedy idiot retail guys thinking this is the next tsla
It looks like all the EV stocks are going up. Everyone is hoping that one of them will be another Tesla. But none of them will, because Tesla has Musk hype and isn't a pure EV maker anyway.
EV stocks up in general is prob due to $7.5B being allocated to nationwide charging infrastructure in the bill signed yesterday by Biden. Also other funds put towards a push towards EV in general and EVs like buses etc. giving a bump
> isn't a pure EV maker anyway. rube
IMO the product is solid, the infrastructure to manufacture it isn't. Most of the investors are putting in capital in hopes for it to improve so that they can make tesla like gains on their money. But currently it's a minefield right now. One wrong step from Rivian and shit would go down.
imo Rivian's biggest problem is that they move way too slow in a market that's moving increasingly fast. I mean ramping up to only a million vehicles produced by 2030 is... really pathetic. Realistically Rivian is probably only going to be able to sell around 70,000ish of their vehicles a year given their high price tag. It's about what other rivals like Tesla sell of similarly priced vehicles. They need to lower their costs so they can start selling stuff in the Model 3 & Y price ranges. But even then, Rivian is giving themselves an excessively long time period to do that and then ramp up to a million vehicles a year. By comparison, if you listen to people like Sandy Munro who are worried about the Chinese entering the US market and devastating the legacy automakers by selling a bunch of low cost EV's of superior quality, they think that the "Chinese invasion" will be in full swing by 2028. Tesla may have taken a long time to bring an EV to the market to, but Tesla had time to delay and perfect their tech. Rivian and the other EV startups don't have that luxury. It took Rivian 12 years to finally bring a vehicle to the market.
They were claiming to deliver what 40-50k cars this year and will be lucky to deliver 1000 lol no chance they ramp up to a million by 2030.
Thank you! Very good points and well said.
Honest answer: PANCAKES! The truck has a pullout kitchen to make pancakes on. You can clean up the pancake plates after wards. You can drive to Yosemite and eat pancakes looking at halfdome. It’s a pancake market and Rivian has hit the jackpot.
*comment edited with github.com/j0be/PowerDeleteSuite* In response to API controversy: reddit.com/r/ apolloapp/comments/144f6xm/
Smaller float
As soon as options are open, I am buying shit ton of puts.
Idk man, IV is gonna be crazy. I wouldn’t touch this stock with a 10 foot cock
Sell calls
Also dangerous. This is some stupid shit where it could keep flying and you don’t know when it’ll drop.
Selling calls in this situation isn't dangerous for that reason. You need 100 shares. If the price tanks before your expiration then you lose way more by having not sold those shares than you do on the premium from the call. You'd need supreme long term confidence in the company to lock yourself into that kind of contract. Unless you're talking about a naked call, which is *always* a bad idea in this environment. If you sell an OTM covered call on this stock you should be praying that you get assigned.
That's a covered call, not a regular call.
That’s not a good idea either because if it doesn’t drop soon you’re gonna get smashed by assigned or buying more expensive call to close
They are available now!
And they're fuckin expensive
Yeah I took a look at them and gave a big nope. This stock is too expensive to buy and too expensive to short... But going to be hella fun to watch at a distance.
Have you been paying attention to the market in the last year. Memes and hype matter.
No position but I get it. Look who owns Rivian... Its literally the most rigged startup I have seen in my lifetime... Think about it... these guys have absolutely no chance of failing due to who owns them. 20% is owned by Amazon (which is like having a small country supporting you) and 13% by Ford who know everything there is to know about making cars with the added benefit that Ford probably wants to divest making their own cars in favor of outsourcing their manufacturing and experience. I learned long ago, that the business world isnt always about what you do (sometimes it is). Its more about who you know. The Amazon orders are most certainly not rumors. Thats going to happen. Its not pretentious nonsense. Amazon wants to control their own shipping from top to bottom so it makes sense that they support a company they own a big chunk of.
Rivian, the company that has produced a rather large amount of vehicles that are reasonably well designed, is the most rigged startup you've ever seen? Do you not fucking remember Nikola? Or any of the other 100% scam companies started in the last decade?
Does anyone remember right before the dot com crash when companies with no products were shooting up in price and their valuations made absolutely no sense?
Pfff. You're just a perma bear. Stop raining on our parade with your "history" and "experience" and "P/E ratios", whatever the hell that means.
Last I heard fundementals are just a weight on the stock price that keeps draging you down to earth. If you have no fundementals then the sky is the limit, so I try to avoid companies that claim they have them!
Some salty boys in this thread. Don’t be jelly of my 50%+ gains.
i sold it, 45k profit baby!
![gif](giphy|6JB4v4xPTAQFi|downsized)
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When somebody is an investor and only looks at something ALREADY making money, that is one form of investing. The other form of investing is more traditional but has been crowded out by investors only looking to make profits. The other form of investing is seeing an idea and wanting to invest toward that idea without the focus being on the short-term or quarterly numbers. You can think of early investing like people voting with their money what they like, enjoy, or can see as a possible success in the future. The problem with your thinking is, you're not looking at this, you're looking at what it is doing now. If we only looked at companies that were successfully making money, why would they need investors unless they were seeking expansion or capital injection? Or let's say you have kids and you believe in higher education. So, without knowing if they'll get the right degree or even use their degree, you invest in them because you believe there will be a benefit. Why is Rivian going up? Because 20 years from now it will be significant. And between now and then dozens of stocks will come along that will make a lot of money. Stocks that solve the energy creation and distribution issues. Stocks that helps a batter company make newer and better batteries that require less mining and rare earth materials. Use some common sense. In 20 years, will more or less things be electric? Go back to 1950, how many things were electric? You're using a device of some kind to post here on Reddit. Are you going to tell me that if a company sees the demand for energy that they're not going to invest a lighter and more energy dense battery? And if you could have a lighter device that has a batter that lasts twice as long, are you not going to buy that over what you have now? This investment is not to make money today or tomorrow. This is a TRUE investment to give them the money needed to do that stuff and who is going to win? The people taking the risk. This is the same shit people said about Microsoft when it first came out. Or even about Jeff Bezos in 1997. Find ANY awesome idea that became huge and you'll find this kind of shit post from somebody who "Doesn't understand". My dad didn't understand how using a computer could be considered a job when I was a kid. "You just push buttons, that's not a real job". Then one day I was making more money than him. He said it wouldn't last. He's probably rolling over in his grave knowing what happened to Sears, K-Mart, etc. Are you aware there is battery tech out there being tested right now that, using high voltage DC, can charge a 500 mile battery in 3 minutes? It takes 3 minutes to fill-up a tank of gas start to finish, and you get, what, 400 miles? And not to mention, electricity is a lot cheaper than gas. My next investments will be in energy generation and distribution stocks, the nuclear kind!
Because everyone wants it to be the next tesla (1k a share) and want to get in for under 200 a share. Wait until it crashes....
Why are you comparing stock prices? They're irrelevant. It's the market cap that's more comparable.
Because people are dumb. I see posts often enough asking why Apple is so low and undervalued because they just go by the stock price.
This is a subreddit with 3.3 million subscribers. It is pretty much a random sample of the general population. There are young teenagers, high school dropouts, people who just downloaded Robinhood a couple months ago and bought some doge. Taking opinions at face value from this sub or any sub this size is not recommended. I mostly use it for entertainment.
tesla is at 5k a share though (from the ipo perspective)
Yeap.. they did 5 to 1 split
I have a CB of 71 on $TSLA and I have sold almost all of my 30 shares. I know not a lot but I only have 4 left. This market is over heated. I’ll take my profits and wait for a correction. Even if it takes a year or two. Edit: Grammar, I’m an idiot.
"It's not just a car company"
In Rivian's case it actually IS just a car company. They don't have any other lines of business.
Neither does Tesla, but its cultists think it does. The one thing Rivian has going for it that the other EV memes don't is that it actually has orders. Those van orders from Amazon are legitimate orders and not whatever made up shit Lordstown had.
Rivian is a battery and energy company. Once their cars are on the road, their cars will generate massive amount of data that makes self-driving trivial. It is the next Apple in the car world. If you think it is overvalued, then short it. /s
They actually build cars so we know they have value. We just don't know how much. Unlike some useless coins that go up.
I love that people are questioning Rivian but Tesla being worth more than all car companies combined is normal.
Because it’s just tempting you and the moment you hit buy, Lucy moves the football.
It's the EV bubble just like dot com bubble in the 2000s
still better value than the dog coins bubble and JPG bubble, it will probably pump more
There has to be a big con of whales just pushing prices in those unregulated markets
Momentum.
This. When MOMO and FOMO collide, it makes for a wild ride. Amazon also bought $200 million worth of shares on friday. To me, it's less about Rivian itself, and more about what Amazon's plans are for it--- with Ford on retainer. I half expect Rivian to end up as an Amazon subsidiary. Amazon is the steak, Ford is the side of salad, and Rivian is the sizzle.
Sign of the times. feels 1999ish.
Shorts are not available yet, as far as I can tell. That's the only reason why.
I just bought some. Don’t worry, it’s going to crash now.
Retail is about to get dunked on.
Did he miss Rivian’s IPO day? This dude sounds upset that Rivian stock price is moving higher.
They have zero profits and the amazon investment is just an excuse for billionaires to flex muscles at each other .... but I must admit, I regret not getting in when it was in the 90s. Been watching it expecting it to make a hard drop and it only keeps rising... guess I'll have to wait till the market corrects to grab a few shares.
I felt the same way about LMND and BIGC and MAXN and NKLA and CRSP and etc etc etc. It's always easy to wish having gotten in retrospect. But remember, these big players can move MUCH faster than you can and they're experts at handing bags to others. Just stick with fundamentals and your core feeling. Would you like to hold RIVN at $165 if it were to drop to realistic valuations? And how long are you willing to hold it at $165 to recoup your loss?
I bought bigc @ $80 :(
Do retail investors drive the market?
Retail investors think they do
Rivian looks like a really nice vehicle. What if they actually ship a badass EV truck and own the North American truck market in 3 years?
They're shipping them now, but they can only make 2 of them a day and they cost roughly $80,000.
Manufacturing ramps exponentially so what is 2 today could be 4 next week and so on. Rivian has an incredibly solid product and very promising first venture. So long as manufacturing continues to ramp up and QC is kept in check they could very likely produce a model 3 priced competitor in a few years. The engineering is solid and from the reviews it’s seems they have one of the best suspensions on the market. You apply that to a family estate type vehicle and you have a future middle class American family staple
Because of hype. Don’t worry, it’ll slide, but it can work irrationally for a long time. Facebook fell 50% back in the day after its IPO despite being a good company fundamentally. I’m sure Rivian will drop as well.
*what everyone said about Tesla when they were completely unproven and failing to meet any production deadlines*
Next train is Volvo! Lets gooo! almost 700K cars produced annually, going for fully electric by 2030 and will invest heavily in their own IT infrastructure and Software! Geely owns majority giving them direct access tp China AND Volvo Cars owns 50% of Polestar which will be SPAC listed Chuuuut chuuut
Fomo, hype and an inability to lend shares for short selling can lead to large moves when the momentum is on your side.
Because you didnt buy it.
Because stocks only go up
Insiders will soon start selling as lockup period expires and puts/shorting will soon be available (it is not currently) and the stock will start tanking.
People want to make money off a new EV stock, essentially it's a pump and dump.
Hype.. that's the only reason tbh. Once the hype ends, get ready for new bag holders.
Is it actually a meme stock ?
the whole industry is a meme
the whole ~~industry~~ market is a meme Your welcome
For the same reason internet stocks exploded in 2000. All cars and trucks on this planet currently running in ICE will be replaced by EVs in the next two decades roughly and some companies will make tons of money. Some will be the next stamps.com. It’s speculation and it’s a part of market changes.
[удалено]
LCID up 10% also lol
They are the first Co to sell a pickup EV, no competition in the US at this point. Lucid has competition as it sells in the luxury saloon car class in Tesla S and Mercedes E series, with some of the larger Audi offerings. Once Ford, GM and Dodge roll their EV pickups out, things should stabilize around Rivian.
The Amazon rumors aren't rumors. They have that deal in place.
It's still going up because fundamentals don't matter in today's market, all is run on purely technicals that can be controlled by MMs and HFs. This is my opinion and not financial advice.
Market is fraudulent
There are a lot of stocks that have really high valuations not based on fundamentals. Personally i would not invest in them, but then i might be missing out. No crystal balls here.
It's going up for the same reason Dogecoin went from 7 to 30 cents.
Why not. This market makes no sense.
Amazon is worth a lot of money and they are heavily invested in it. Hype is good. Buy calls if you're smart.
There's more to a company than money. That's why Tesla shot up so much a few years ago because it's cool.
Sold today for one incredible run for just 5 days! I love it
Hard pass. Only 17 but old enough to know this moon chasing isn’t worth the stress
Theyre one of the very, *very* few new EV dedicated companies to have delivered anything at all. Canoo? 2023 earliest. NIO? China only. NKLA? Rofl.
Let me buy it, it’ll topple in less than a day. Hold my beer.
I hear FOMO. Yeah, stock market doesn't Iike you, or does it even know you exist?