Still Long Rivian
By Jim Bauer
@porwest (112717)
United States
March 10, 2022 10:34am CST
As you know I have become quite infatuated with Rivian since its IPO back in November, although "infatuation" is not a word I typically prefer to associate with an investment.
Let's just say I have a lot of reasons to really like the company, its direction and of course its prospects long-term.
I have explained many of those reasons in past discussions.
Even despite the reality that due to a number of recent hiccups that sent Rivian's share price down 60% from its IPO price, I still continue to believe that the company is well positioned to get the job done and deliver on many of the promises it has made.
One big thing to watch going forward is whether or not they can actually deliver on making the 150,000 vehicles they have said they can by 2023. Today, when the company reports after the market closes, my hope is that they will maintain guidance on this.
Last year they were only able to produce around 2,600 vehicles, and getting to this 150,000 is key to seeing that they will also be able to deliver all 100,000 delivery vans Amazon has ordered by 2025.
My eyes continue to be on Rivian, and I am still a buyer.
7 people like this
5 responses
@bunnybon7 (50970)
• Holiday, Florida
10 Mar 22
must be nice to have enough to invest. 20 yrs ago I did but over time have had to cash out just to eat.
good luck 
good luck 1 person likes this
@bunnybon7 (50970)
• Holiday, Florida
10 Mar 22
@porwest I hated it but we literally had no food and no one to borrow from
1 person likes this
@porwest (112717)
• United States
11 Mar 22
@bunnybon7 Sounds like an awful circumstance.
1 person likes this
@porwest (112717)
• United States
10 Mar 22
Investment is the reason I have the money. Pulling out is not the idea. The idea is to grow the investments until the investments produce the income you need.
I realize this article may not help you as time has sort of indicated your ship may have sailed. But perhaps if your kids get a better idea about money and its true value...
They can avoid missing the boat. 
https://read.cash/@Porwest/why-arent-you-listening-ec3a7ecb
https://read.cash/@Porwest/why-arent-you-listening-ec3a7ecbhttps://read.cash/@Porwest/why-arent-you-listening-ec3a7ecb
1 person likes this
@porwest (112717)
• United States
11 Mar 22
@RebeccasFarm Yep. It took Tesla a long time to finally make a buck.
Many companies operate in the red for quite a long time before they actually start making money. For example, Amazon took 7 years to make a profit, Facebook took five years.
@FourWalls (86575)
• United States
10 Mar 22
I’m pretty sure that Rivian’s problems are the same as Toyota’s, Honda’s, and everyone else’s: the chip shortage. No one is expecting Toyota or Honda to fold, though. I know that, if I were in the market for a new car, I wouldn’t be…meaning I’d wait until next year unless it was absolutely impossible to do so.
1 person likes this
@porwest (112717)
• United States
11 Mar 22
Yep. Rivian is going to experience all of the same supply chain issues everyone else is. Just harder for a start up to navigate than an established business. But I think they can pull through it. But it will still be a rough ride for sure.
1 person likes this
@FourWalls (86575)
• United States
11 Mar 22
@porwest — I took a peek, and Honda’s stock is down, too. I don’t deal in the stock market, but I know that it’s not an instant gratification thing but something for the long haul.
@LindaOHio (222252)
• United States
11 Mar 22
I hope your confidence in the company is rewarded.
1 person likes this
