Quote:
Originally Posted by blinkme323
IDK, "investing" 100k+ into a company that might be gone tomorrow is inherently risky in the EV space. The production forecasts for 2023 at Rivian are laughable, no way they can survive for much longer at this rate.
At least with ICE you have some degree of control even if the parent company goes under. With an EV? You're pretty much driving a brick around.
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I don't see Rivian is going anywhere. They are making a highly desirable product. Even if they go bankrupt, someone will swoop in to keep them going. It will take a number of years for them to boost production, much less become profitable.
I'm seriously considering on taking $20K and buying their stock as a "What the hell?" buy. The stock has held steady in the $35 range for quite a while. I might loose my ass or it might go up to $100+/share in 5 years.