Originally Posted by chiefforlife:
RIVN - Rivian Automotive INC.
Ive been seriously considering investing in this company since it went public. Of course it immediately opened up about 29 and went up as high as 179.46. These EV stocks are crazy like that so I tend to let them settle before considering investing. NKLA was the first one I really wanted to invest in, boy did I dodge a bullet there.
Ive watched many of these EV companies, some suggested in this forum, NIO, LCID, NKLA, GOEV and of course TSLA. Only one, TSLA have I regretted not investing in. Looking at that list makes me think why do I want to jump into this sector at all?
The one company I feel good about is RIVN. They actually are manufacturing and selling their vehicles. A truck and an SUV. I would actually buy one of their Trucks after looking into it.
I am a full size pickup man and although this is not a full size its not a mini truck either. Its a good looking truck, other than the front end. Wish they would have designed the front more like the rest of the truck.
The stock is back down close to opening value, its much better looking than the ridiculous Tesla Cybertruck. Its still pricey but I do think it will be popular and capture a fair percentage of the EV truck and SUV market.
If you are an investor, how do you feel about this stock?
If you are a pickup owner or want to be, would you consider buying one of these?
Originally Posted by lewdog:
AMC sub $10 could be fun!
Hopefully MTG hasn’t slit his wrists losing all those paper gains.
I'm sure he has done a half dozen swing trades with perfect timing to make another million bucks off of it.
Clay's actually the one I worry about. (I've been convinced MTG is full of shit for months.) But sadly Clay is not only banned from the thread, he's banned from the Lounge for a few more weeks. [Reply]
Originally Posted by Munson:
Ford was one of their early investors, and they are selling 8 million of their 102 million shares. The stock reached an all time low because of that.
Yeah, it says JP Morgan has a client that is going to dump even more than Ford did. This is kind of expected though, the initial investors are recouping some of their money. Doesnt mean the company isnt worth investing in? Right?
May be a great time to buy, after the next dump?
I think most companies are struggling with production right now so Im not to concerned with that either.
As a consumer entertaining the idea of an EV Truck, this Truck has captured my attention. Although, the Chevrolet shown during the Super Bowl is really nice and is actually a full size. Looks like an Avalanche but they dont call it that anymore. Roughly the same price when you build it. Probably better support for it later on as it is a major brand.
Looking for some opinions from you guys? Would you buy an EV Truck? If so would you buy a Rivian? [Reply]
Originally Posted by DaFace:
I'm sure he has done a half dozen swing trades with perfect timing to make another million bucks off of it.
Clay's actually the one I worry about. (I've been convinced MTG is full of shit for months.) But sadly Clay is not only banned from the thread, he's banned from the Lounge for a few more weeks.
Wait, what? How do you get banned from the investing thread?
As far as AMC and GME, I have always looked at those kind of plays as straight up Gambling. You absolutely KNOW the stocks are NOT worth the money. I guess you are hoping to time it just right which everyone knows is impossible!
I did enjoy the headache it caused for some Hedge Funds but in the end, they won, as usual. [Reply]
Originally Posted by chiefforlife:
As a consumer entertaining the idea of an EV Truck, this Truck has captured my attention. Although, the Chevrolet shown during the Super Bowl is really nice and is actually a full size. Looks like an Avalanche but they dont call it that anymore. Roughly the same price when you build it. Probably better support for it later on as it is a major brand.
Looking for some opinions from you guys? Would you buy an EV Truck? If so would you buy a Rivian?
Like I said earlier, I think their actual product is fantastic. It's pricey as hell, but if it's in your budget I think it's the best EV pickup out there right now.
The issue is that they haven't figured out how to ramp up production. I have friends who got on the waitlist on day 1 in 2019, and right now they're assuming it'll still be at least a year before they actually get one. As of March, Rivian had sold around 1,400 trucks this year compared to their waitlist of 83,000...
Originally Posted by chiefforlife:
Wait, what? How do you get banned from the investing thread?
Here. It was his fifth strike in the past year. Not sure how we didn't notice he was above three already. [Reply]
Originally Posted by DaFace:
Like I said earlier, I think their actual product is fantastic. It's pricey as hell, but if it's in your budget I think it's the best EV pickup out there right now.
The issue is that they haven't figured out how to ramp up production. I have friends who got on the waitlist on day 1 in 2019, and right now they're assuming it'll still be at least a year before they actually get one. As of March, Rivian had sold around 1,400 trucks this year compared to their waitlist of 83,000...
Here. It was his fifth strike in the past year. Not sure how we didn't notice he was above three already.
Hey thanks DaFace, I agree that they appear to have a great product. The demand is definitely there as well. I do worry that by the time they get rolling the Big 3 will have caught up. Then what? [Reply]
Too much negative things intertwined; high oil, bad US administration, war in Ukraine, China COVID lockdowns, super high inflation, credit card debt surging, rates heading higher.
One more bad event or issue will kick this market in the balls. I think that will be the housing market. [Reply]
Wow. Haven't placed a single trade today, just sitting on my hands watching the carnage. Almost grabbed some Tesla $850 calls after the opening dip, thank Almighty God I didn't pull the trigger. Yikes :-)
Wonder if this is finally capitulation, or just a warmup? [Reply]
Originally Posted by JohnnyHammersticks:
Wow. Haven't placed a single trade today, just sitting on my hands watching the carnage. Almost grabbed some Tesla $850 calls after the opening dip, thank Almighty God I didn't pull the trigger. Yikes :-)
Wonder if this is finally capitulation, or just a warmup?
