Quote:
Originally Posted by XutvJet
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.
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Agree, I think Rivian will have success. They have two products in very strong markets unlike Lucid. Despite not even knowing where my local Rivian store/delivery center is, the amount of R1T trucks I've seen in Baltimore in the last few months is crazy considering I don't think we are a large EV market outside of Tesla, they are seriously everywhere, especially in my suburb.
They also have Amazon to help support them. Just saw this in the city, I think they'll be fine.
