Proud Owner of Rivian
By Jim Bauer
@porwest (112876)
United States
November 11, 2021 10:00am CST
No. I don't own one of their vehicles. But I do own shares of their newly IPO'd stock, and for a variety of reasons I think over time the investment, which I will gradually increase to about $5,000-$10,000 over the next 6 months, will be worth a potential gold mine in say 5-10 years.
And this is not something I say often about stocks.
Part of it is the type of vehicles that Rivian is making and how those types of vehicles appeal to consumers over what Tesla sells—the dying sedan. On top of that Ford owns a 12% stake in the company and Amazon owns 20%.
Amazon has already ordered 100,000 electric delivery vehicles from the company, all of which are expected to be finished delivering by 2030 with the first 10,000 being delivered by the end of 2022.
If the delivery vehicle is successful it can be an additional bet that other companies using similar style vehicles may become interested in them as well.
The model I think will have the best opportunity in sales? The Rivian SUV, model R1S such as the one pictured. With some subtle differences it looks like a regular SUV, and I think has enough appeal for both men and women, and has the roominess families are looking for.
The position I have in Rivian, and will continue to grow, is one that I intend to hold for a very long time.
I just hope that I am right that it will be a massive winner the likes of the next IBM, Microsoft or Apple, Amazon, or Google.
4 people like this
5 responses
@LindaOHio (222417)
• United States
12 Nov 21
Good luck. Amazon's commitment to EV is a big plus for this company.
1 person likes this
@LindaOHio (222417)
• United States
13 Nov 21
@porwest I think you'll do well with it.
1 person likes this
@porwest (112876)
• United States
16 Nov 21
@LindaOHio Up 50% since I bought it on IPO day, and I am tempted to sell it and go back in when it dips down (which I am almost 100% certain it will), and then buy back in. But I said 5-years on this one, and I am doing my best to stick to that.
It's tough though. My typical interest is getting out at 15%-20% regardless of where it goes.
But I am convinced this is a $1000 stock a few years from now.
1 person likes this
@FourWalls (86713)
• United States
11 Nov 21
That doesn’t look much like a sedan to me, but hey. I hope you’re a gazillionaire next year. Just remember us little folks who knew you when.
1 person likes this
@FourWalls (86713)
• United States
12 Nov 21
@porwest — But you said they were going after the “dying sedan” market! 
1 person likes this
@porwest (112876)
• United States
12 Nov 21
@FourWalls No. I said TESLA was IN the dying sedan market. "Part of it is the type of vehicles that Rivian is making and how those types of vehicles appeal to consumers over what Tesla sells—the dying sedan."
lol.
That specifically said that Rivian is in a market OTHER than the sedan market.
:::Porwest now checks his English to make sure he is speaking the language, or some other one:::
1 person likes this
@RebeccasFarm (91297)
• United States
11 Nov 21
I hope you are right too Jim but then you usually are.
1 person likes this
@lovebuglena (52168)
• Staten Island, New York
11 Nov 21
I've never heard of Rivian until I read this discussion.
Hubby bought dwac stock, which is associated with the new social media platform Trump is gonna launch. It opened at 12 bucks or so but when he bought it was already over $100. He is not planning to sell it any time soon, which is a good thing because otherwise instead of profiting he is gonna lose money as it keeps going down in price. Would have been great if he had bought it at around $12 when it opened for the first time and sold it when it climbed to over $100, which was the next day I think. Then he would have definitely made money and good money I'd think.
