Rivian, the investment

[Nysoz]

Welcome to the casino!

[Tim]

Welcome to the casino!

If you can’t spot the sucker at the table,

https://youtu.be/hZZwW10yTsc

[Nysoz]

Fantastic movie

[xraygoggles]

I have some buddies who put down the pre-order and were allowed to acquire some shares at the real IPO price of 70-something. Hopefully they have sold this irrational pump...

[xraygoggles]

Truly nuts! $166/share. I will sell when the value of my IPO shares reach the cost of my new R1S.

Better do it sooner rather than later.

Even Rivian cannot defy the laws of physics: what goes up must....

[CordMcNally]

Better do it sooner rather than later.

Even Rivian cannot defy the laws of physics: what goes up must....

...go to the moon?

[TheDangerZone]

Time for everyone to buy the Rivian dip? Back down to $115 from $172 six days ago.

[Nysoz]

They still have no significant revenue, no known tech advantage over other EV players, and still currently worth $98B.

It's a casino for sure!

[CordMcNally]

They still have no significant revenue, no known tech advantage over other EV players, and still currently worth $98B.

It's a casino for sure!

And Ford has backed out of their collaboration. All that said, I see no reason why this isn't the next $1T company...

[Random1]

I find it quite coincidental that Ford and Rivian changed their plans only a week after an IPO which Ford turned a $500 mil investment into $10 billion. You really think if they had no plans on working together after investing $500 mill , that it would have came out before the IPO. Fords investment in Rivian gives it legitimacy and Ford , starts to look more like an EV player, win for both parties , except the investors.

[Nysoz]

A legacy company investing into a startup unfortunately doesn't give legitimacy though. GM had a deal for a $2B investment in Nikola and we all know how well that went.

Rivian actually has a product so it's not like Nikola but there's just too many questions for a true investment now. Speculation? Sure.

[Tim]

I find it quite coincidental that Ford and Rivian changed their plans only a week after an IPO which Ford turned a $500 mil investment into $10 billion. You really think if they had no plans on working together after investing $500 mill , that it would have came out before the IPO. Fords investment in Rivian gives it legitimacy and Ford , starts to look more like an EV player, win for both parties , except the investors.

This was signaled prior to the IPO.
Ford also had resigned from the BOD.
See post #47.
The only Ford relationship at IPO was as a shareholder at IPO. Fully disclosed and the actions were a clear indication of the companies going separate ways.

[CordMcNally]

I find it quite coincidental that Ford and Rivian changed their plans only a week after an IPO which Ford turned a $500 mil investment into $10 billion. You really think if they had no plans on working together after investing $500 mill , that it would have came out before the IPO. Fords investment in Rivian gives it legitimacy and Ford , starts to look more like an EV player, win for both parties , except the investors.

The investors who invest in a company with a $50b-$100b market cap with hardly any revenues? I don't think there was anything nefarious going on but good for Ford to be able to capitalize a bit on the crazy and overpriced EV world.

[TheDangerZone]

Truly nuts! $166/share. I will sell when the value of my IPO shares reach the cost of my new R1S.

Still holding your shares or did you get out while the getting was good? Rivian closed today at $65.

I definitely couldn't stomach buying individual stocks. Watching my investments lose 60% in two months would be way too stressful.

[CordMcNally]

We're seeing a lot of these stocks that had no reason to be anywhere as high as they did come right back down to earth. With that said, they're still overvalued.