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In early January, Rivian (Nasdaq: RIVN) had become such a compelling stock that I started a position. But since then Tesla (Nasdaq: TSLA) has started a price war in EVs, Rivian has begun layoffs, and the competition has taken big steps forward. In the video below, Travis Hoium discusses whether or not this position in Rivian is a mistake in hindsight.
Travis Hoium has positions in General Motors and Rivian Automotive and has the following options: long March 2023 $250 puts on Tesla.
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Yolo just bought more shares. I’m in 10,000 shares 😅
Rivian most definitely gonna fall under $5 by Christmas 23. #1, massive cash burn & #2, massive cost of producing a vehicle
Georgia? where? if its close to me i might keep watch : ))) we do have a new amazon facility right near me that is huge but no activity yet.
Travis, do you own a Rivian?
RIvian is a great truck and they have great potential.. I really hope that they can get ontop of whatever it is they need to because I really want to see them succeed. I plant to get a R1T as soon as I am able, I never wanted a Tesla for the utility and styling ….the cybertruck ..maybe but really I think it is ugly and lacking the features I care about……I would love the price to come down a bit more on the Rivian but in my opinion it is still a lot of value for the money. …I also have bought RIVN stock recently , but i have faith it will do better eventually.
TRAVIS – Rivian is a PUMP & DUMP , they cant EXECUTE , they cant PRODUCE & DELIVER , they cant SELL Volume of its Vehicles.
TESLA model Y , alone OUTSELLS the Rivian.
It is high risk imo, there is a chaotic atmosphere in engineering and manufacturing even a year after launching, with 2-lay offs in less than 6 months there is no loyalty to the employees. As a result, investors (Ford, Soros, etc.) are leaving and there is Low industry confidence. Even Amazon is looking somewhere else for EV delivery vans.
Why only address the consumer market in this video? Amazon is only the tip of the iceberg in terms of opportunity in the delivery vehicle space. Think of UPS, FEDEX etc. in terms of market share opportunity. And Rivian is miles ahead of any competitor in that area. Also, it amazes me that people still haven't figured out that the Cybertruck is Elon Musk trolling once again.
The cyber truck with dual or tri motors are starting at 70 with 500hp I'm not 100 sure, but at that price I would Rather spend a little bit more and get the rivian dual motors instead. I think rivian in a great position compared too the cybertruck, all rivian needs to come out with is a smaller r1t and a 5 seater suv.
Apple is Rivian and Tesla is Android. Apple does its thing regardless of whatever Samsung price its phone. 😊
Rivian is a startup company, and like Tesla in it's early years burned through lots of cash before starting to make profits. Same things going on with Lucid, and Nikola. This guy buys Rivian stock in Jan. and here in mid Feb. he's already 2nd guessing his Rivian buy? Just a month later? Just like any startup company, buying stock in them is a long term investment, need lots patience for years, and this guy's patience barely lasts 1 month? Instead of posting video's analyzing, he needs to learn what a long term investment means, and needs to learn what patience means. Warren Buffet quote… "The stock market is a device to transfer money from the impatient, to the patient" Well there are lots of articles & video's by those who are impatient, this guy has little to no patience, his patience only lasts one month! But it's likely he bought some Rivian stock, (If he's even telling the truth about that, he might just be claiming to have bought Rivian stock) so just one month later he can put out click bait wording "I bought shares of Rivian. Did I make a mistake?" to bring attention & rack up views for his video here. Yeah, we should listen to a very impatient guy who bought stock in a startup company which is a long term investment, only to 2nd guess himself in just one month, gets spooked by a mere 6% employee trimming reduction. Him being so impatient & easily spooked disqualifies him from providing investment analysis & advice of any kind. He is exactly the "impatient" type in Buffet's quote, and is doing the exact opposite of Buffet's experienced & wise words. Over years, decades, the stock market does not transfer money from the patient to the impatient, this guy has it backwards. (I own stock in Rivian, Lucid, and Nikola, I have great patience in them as years long investments & beyond…)
I don’t know where you live but in California rivians are getting cranked out. They remind me a lot of Tesla when it first came out. Bother the truck and the suv are being seeing everywhere and they will be killing it when the smokes settles
It’s interesting, that you recently bought that, and now you are speaking about strong competitors. They were from start, they will be till the “end”. Tesla lowering price is a bit scary, but I hope, that it won’t get on Rivian.
And layoffs? I think they just needed to do it as almost every technology company did similar thing. There is a chance, I think, that there were more people than needed, as they knew they had money for it. But now, as economy is not doing too well, they might slow down a notch.
I think, that in long term, it still looks pretty bright. But we will have to wait. It is still very volatile company in beginning of their expansion.
IMO. Rivian backed by Amazon, which Amazon and top tiers company now focusing on future ai robotics. Rivian which is in the field of electric vehicle have a very big potential and possibilities in creating a smart a.I. Robot in future. A great investment imo. Stock price is showing reversal pattern but it still need to complete for the year 2023. Year 2024 is time for bullish. Since it is sitting around 20 now. Just purchase as much as we could.
As long as Amazon backs it, it should be fine. delivery van market is large, they can have another big contract.
cybertruck is just a cheap (no press, no paint), punk truck.. i dont think american families will own one.
rivian plays in different league, nothing in common with Tesla other than being electric. Tesla is good for Uber.
When someone say ID4 is an attractive vehicle, I always forget that it makes sense only in the USA, in europe, ID 4 is way overpriced, its a lot more expensive than Tesla 3 or 4, it has less range, and it seems to be less advanced. Also ID3 is purchasable only is some countries in europe… So I'm not sure about VW…