It's not surprise that the Rivian stock has taken a hit after the news about the price increases was revealed. Let's see how much lower it goes by the end of today.
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.Buy the dip?
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.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.
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?Buy the dip?
Spot on. 100% agreeIt'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.
Are you crazy?Buy the dip?
My crystal ball was right. It created a low of $50.04 today.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.
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