[St00k]

Almost 14% now...

 

[eHauler]

Buying Ford and GM stock right as markets opened today would've been a good idea:

 

[10SecondDecision]

It's really simple. This changes (aka shrinks) their potential customer base. I was willing to be an early adopter and buy a car with a goofy smile front end because the rest of the package was appealing. This terribly thought, and communicated, announcement not only put an end to my journey with them, it makes me VERY leery of going back even if they send a "we goofed and you can get the price you were promised a year ago" email. The package is not appealing any more. Since this could become a domino effect situation, the actual survival of the company could come in question. Mainly because of the shrinking potential base but also because they just trashed thousands of their most committed fans including me.

 

[MuddyBoots]

Any trust they'd earned with me since my pre-order 18 months ago is gone now. You'd think they'd grandfather in the original pricing for long-time pre-order holders. No trust, no order.

 

[St00k]

Buy the dip?

 

[eHauler]

Buy the dip?

Rather wait for positive news or some indication that things have shifted at Rivian before getting in again. At least that way we can be in the money soon after and not be left holding the bag.

I'm actually expecting the price to go down more throughout the week and will be looking to take short positions. It already created a new low as the trading day ended.

 

[IntimidatorTJ]

It's really simple. This changes (aka shrinks) their potential customer base. I was willing to be an early adopter and buy a car with a goofy smile front end because the rest of the package was appealing. This terribly thought, and communicated, announcement not only put an end to my journey with them, it makes me VERY leery of going back even if they send a "we goofed and you can get the price you were promised a year ago" email. The package is not appealing any more. Since this could become a domino effect situation, the actual survival of the company could come in question. Mainly because of the shrinking potential base but also because they just trashed thousands of their most committed fans including me.

Trashing their fans, and potential buyers, I think is insurmountable long term. 3 years from now, will you consider a Rivian? Probably no. You will have other choices in EVs, sold by companies you are more comfortable with. Will you buy the BMW or the Tesla or the Volvo or the Rivian? I think the Rivian is out.

 

[IntimidatorTJ]

Buy the dip?

Don't take investment advice from me....but when buying any stock, investigate the company's management, and, drill down on How Many Outstanding Shares do they have? What is the valuation (outstanding shares x current price)? How does that compare to other competitors? How well are they executing? How fast are they growing sales/delivering their product?

Don't buy a stock that "might go up". Is it a good company, and is it growing, and do you love the management?

 

[TessP100D]

It's really simple. This changes (aka shrinks) their potential customer base. I was willing to be an early adopter and buy a car with a goofy smile front end because the rest of the package was appealing. This terribly thought, and communicated, announcement not only put an end to my journey with them, it makes me VERY leery of going back even if they send a "we goofed and you can get the price you were promised a year ago" email. The package is not appealing any more. Since this could become a domino effect situation, the actual survival of the company could come in question. Mainly because of the shrinking potential base but also because they just trashed thousands of their most committed fans including me.

Spot on. 100% agree

 

[TessP100D]

Buy the dip?

Are you crazy?

 

[eHauler]

Rather wait for positive news or some indication that things have shifted at Rivian before getting in again. At least that way we can be in the money soon after and not be left holding the bag.

I'm actually expecting the price to go down more throughout the week and will be looking to take short positions. It already created a new low as the trading day ended.
View attachment 4813

My crystal ball was right. It created a low of $50.04 today.

NOW is the time to buy the dip. As I type this (11:56 AM, EST) price went up from 51.70 to 52.01. I was too slow to capture it increasing rapidly from 51.70-51.84 in my first screen shot below.