RIVN - Rivian Automotive Inc

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by emmett kelly, Nov 11, 2021.

  1. emmett kelly

    emmett kelly Well-Known Member

    Joined:
    Dec 21, 2017
    Messages:
    1,372
    Likes Received:
    1,030
    Rivian Automotive, Inc. is a manufacturer of electric vehicles (EV). The Company is engaged in designing, developing, and manufacturing EVs and accessories. It sells vehicles directly to customers in the consumer and commercial markets. The Company launched its R1 platform, a two-row five-passenger pickup truck. The R1 technology systems includes vehicle electronics, battery, electric drive, chassis, Driver+, its advanced driver assistance system (ADAS), and digital user experience management. It also developed a portfolio of vehicle accessories, including all-weather floormats, camp kitchen, camp speaker, three-person rooftop tent, at-home Rivian wall charger, and rooftop racks. The Company’s services include digitally enabled financing, telematics-based insurance, proactive vehicle membership and software services, charging solutions, and a data-driven vehicle resale program. It also offers FleetOS, a centralized fleet management subscription platform.

    [​IMG]
     

    Attached Files:

    bigbear0083 likes this.
  2. emmett kelly

    emmett kelly Well-Known Member

    Joined:
    Dec 21, 2017
    Messages:
    1,372
    Likes Received:
    1,030
  3. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    9,154
    Likes Received:
    3,367
    What an exciting time for cars!

    I love the styling of these pickups!
     
    bigbear0083 and emmett kelly like this.
  4. emmett kelly

    emmett kelly Well-Known Member

    Joined:
    Dec 21, 2017
    Messages:
    1,372
    Likes Received:
    1,030
    thanks for posting the chart. need a tutorial on how to post live charts from finviz. i'm not a member so that could be a factor. anyway, could be some good scalping on this ipo. i think i may have some play money laying around.
     
    bigbear0083 and StockJock-e like this.
  5. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    9,154
    Likes Received:
    3,367
    +5.7% on the third day of trading!
     
  6. emmett kelly

    emmett kelly Well-Known Member

    Joined:
    Dec 21, 2017
    Messages:
    1,372
    Likes Received:
    1,030
    wild ride. what does the smart money do? scalp it or hold it?
     
    bigbear0083 likes this.
  7. emmett kelly

    emmett kelly Well-Known Member

    Joined:
    Dec 21, 2017
    Messages:
    1,372
    Likes Received:
    1,030
    i bailed at 21%. not sure how this one fell in my lap, but a good long watchlist can expose a person to some luck once in a while.
     
    anotherdevilsadvocate likes this.
  8. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    4,018
    Likes Received:
    3,184
    Now put that in an index fund for the next 29 years ~360 days, and you'll beat the market over a 30-year horizon.
     
  9. emmett kelly

    emmett kelly Well-Known Member

    Joined:
    Dec 21, 2017
    Messages:
    1,372
    Likes Received:
    1,030
    :rofl:
     
  10. emmett kelly

    emmett kelly Well-Known Member

    Joined:
    Dec 21, 2017
    Messages:
    1,372
    Likes Received:
    1,030
    Rivian Automotive shares are trading higher after several analysts initiated coverage on the stock with bullish ratings.

    Dec 6, 2021 11:00a ET
     
    bigbear0083 likes this.
  11. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    9,154
    Likes Received:
    3,367
    Anybody taking advantage of the sell off to $100?
     
    bigbear0083 likes this.
  12. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    4,018
    Likes Received:
    3,184
    Aren't these guys just a car company? At least Tesla has a solar business and SpaceX and the charging network.
     
    bigbear0083 likes this.
  13. TomB16

    TomB16 Well-Known Member

    Joined:
    Jun 22, 2018
    Messages:
    3,691
    Likes Received:
    2,212
    If the rumors of Samsung/Rivian partnership falling apart are true, Rivian is in trouble.

    http://www.thelec.net/news/articleView.html?idxno=3799

    It's not out of character for companies to negotiate using steel pipe tactics. I've been in meetings that I've wanted to leave when my cohorts started talking about punitive contractual clauses we would require that would literally make it a stupid deal for the vendor.

    Vendors are used to this and have skills in removing corporate poison from contracts but it wouldn't surprise me if Rivian rolled in with the attitude, "We are a billion dollar company so we are calling all the shots here.". Of course, Samsung could buy Rivian using cash reserves but few executives realize the limits of what suppliers will endure.

    Meanwhile, Morgan Stanley and Deutsche have been advising to buy the dip on Rivian. Their endorsement has me considering a short position on RIVN.
     
  14. emmett kelly

    emmett kelly Well-Known Member

    Joined:
    Dec 21, 2017
    Messages:
    1,372
    Likes Received:
    1,030
    was driving around with the wife a few days ago. she said what is rivian. i said where? not a bad looking truck at all.
     
    TomB16 likes this.
  15. emmett kelly

    emmett kelly Well-Known Member

    Joined:
    Dec 21, 2017
    Messages:
    1,372
    Likes Received:
    1,030
    spotted another rivian truck today, this time in my community. and, yes, the wife noticed it first. says she wouldn't pay that much for a truck. so i'm scratching my head and asking why are we seeing these? answer may be partly due to the fact that the home office is in our county.

    • 14600 Myford Road
    • Irvine, CA 92618
    • Phone: (302) 658-7581
    • Fax: (302) 655-5049
    • https://rivian.com/
     
  16. TomB16

    TomB16 Well-Known Member

    Joined:
    Jun 22, 2018
    Messages:
    3,691
    Likes Received:
    2,212
    Ford sold over 15M shares of Rivian, last week. That's roughly $400M of equity.
     
  17. emmett kelly

    emmett kelly Well-Known Member

    Joined:
    Dec 21, 2017
    Messages:
    1,372
    Likes Received:
    1,030
    3rd sighting: alas, i was in the parking lot of my local public library and spotted yet another rivian. an attractive female walked up to it and opened the front hood. a damsel in distress needing my rescue? ah, no, dimwit. it is a storage space. thus, i entered the library and perused the shelves for some good reading material.
     
  18. emmett kelly

    emmett kelly Well-Known Member

    Joined:
    Dec 21, 2017
    Messages:
    1,372
    Likes Received:
    1,030
    deleted message. confused lucid with rivian. duh. but i did see another rivian couple of days ago. 5th sighting down in laguna beach big money down there.
     
  19. TomB16

    TomB16 Well-Known Member

    Joined:
    Jun 22, 2018
    Messages:
    3,691
    Likes Received:
    2,212
    I love Laguna Beach. Several years ago we did some mountain bike riding on the spines in the state park and it was spectacular. What an amazing place in one of the most beautiful parts of the world.

    You are fortunate to live in SoCal, Emmett. :thumbsup:

    [Edit: to remain topical, I will suggest Rivian appears to be a really nice short opportunity. :) ]
     
    emmett kelly likes this.
  20. emmett kelly

    emmett kelly Well-Known Member

    Joined:
    Dec 21, 2017
    Messages:
    1,372
    Likes Received:
    1,030
    Rivian Stock Is More Attractive Now for Wall Street. Here's Why. -- Barrons.com
    8:50 am ET May 31, 2022 (Dow Jones) Print
    Al Root

    Wall Street is sticking with its Buy call for shares of Rivian Automotive.

    Mizuho analyst Vijay Rakesh says that current prices were a "good entry point" for Rivian (ticker: RIVN) stock. He hosted Rivian CFO Claire McDonough at an event his brokerage hosted.

    Rakesh came away from his meeting believing that production is improving and a second shift will be added to Rivian's Normal, Illinois, plant in the second half of the year. More shifts, of course, will boost production.

    Rivian plans to deliver about 25,000 vehicles in 2022. About 8,000 of those should be delivery vans going to Amazon.com (AMZN). Rivian didn't immediately respond to a request for comment about the mix of the 25,000 vehicles.

    Rakesh's price target for Rivian stock is $80 a share, up almost 140% from Friday's close of $30.96. He rates shares Buy.

    He isn't alone in his bullish views. Overall, about 65% of analysts covering the stock rate shares Buy. The average Buy-rating ratio for stocks in the S&P 500 is about 58%. The average analyst price target, however, is lower at about $54 a share. Still, that is up almost 75% from recent levels.

    By that math, Rivian stock looks more attractive than when analysts first launched coverage. Back in December, shortly after Rivian's initial public offering, about 64% of analysts rated shares Buy and the average analyst price target was about $134 a share. That was only about 10% higher than the $122 price.

    Since then, shares have been badly beaten up, falling about 75%. The Nasdaq Composite is down about 25% over the same span.

    Rising interest rates and inflation have sapped investor willingness to hold stock in start-up companies. That is part of the reason for the decline. Rivian has also run into some production ramp-up challenges. Back in December, Wall Street was hoping for more like 40,000 deliveries in 2022. That was before Rivian's guidance for 25,000 units.

    Rivian's rating remains more positive than Tesla (TSLA). Half of the analysts covering Tesla stock rate shares Buy. The average analyst price target is about $942 a share, up about 24% from recent levels.

    Tesla is trading at roughly 6.8 times estimated 2023 sales. Rivian trades for about 4.6 times that amount. Sales are one thing, earnings are another. Rivian isn't profitable yet. Tesla has been consistently profitable since mid-2019.

    The bullish call might be helping shares Tuesday. Rivian stock is up about 1.7% in early trading. S&P 500 and Dow Jones Industrial Average futures are both down about 0.6%.

    Write to Al Root at [email protected]


    (END) Dow Jones Newswires

    May 31, 2022 08:50 ET (12:50 GMT)

    Copyright (c) 2022 Dow Jones & Company, Inc.
     

Share This Page