Bought a few shares, hoping it goes 😝

Already up a good bit at close today

Absolutely not. Trading at an EV/Rev (2023) higher than Tesla and trading at the same multiple of Tesla in 2023. I'm not buying into that risk.

Well, I made a pretty penny 🤣

Hope you road the wave and got out. Would't be surprised to see it dip below 100

oh yeah, i had my stop loss set at 160 ;P

Way too much investor clout for me in Rivian.
They were founded in 2009 and have 50k+ preorders with 50 delivered cars all that all went to employees iirc. At current rate that’s like 2-3 cars being made daily (obviously speed will increase but present day) and it would take 75 years at current rate to fulfill the orders they have. Tesla being founded in 2003 delivered its first car in 2008 (Lotus) - it’s been nearly 13 years and we still don’t care a V1 from Rivian; it reminds me a lot of the Fisker Karma.

Idk. Zero revenue at a 116B valuation is just the trend these days - Everyone wants to raise no one wants to make.

This is obviously an extremely vague analysis of the company and I love the core of what they want to do, I just want to see them actually start to do it.

I’ll get it on it eventually but I want to see the bottom first - it’s extremely overvalued but so is everything else lol.

hell no they're extremely overvalued. they haven't done anything and they are worth as much as disney?

Yup I sold on big gainzzz