$Rivian Automotive, Inc.(RIVN)$
Do you really believe that? No you don’t but you want to deceive us :( Every new company goes through losing money to build the business. Vehicle manufacturing businesses take more capital than most. They have accumulated property and a state of the art manufacturing plant which are assets on their books. They also have accumulated losses like all other new businesses which will be write offs in the future. Amazon and Teslas followed this same path. Do you believe Amazon, who has made Rivian a cornerstone of their carbon neutral pledge will not continue to accelerate their support. Check out Amazon’s Rivian web pages. Might help you to understand. How about ATT, will they not love the commercial vans that Amazon loves? Will not others? It is an amazing product like no other. As for plans to lower costs, they are 100% on it. They shut down in December for a week and will again in Q2 to implement cost saving improvements. They reduced cost tremendously in 2023. Tesla started with their S and X and built out their manufacturing expertise. Does this sound like R1T and R1S? Rivian is selling into this same price market and is approaching as many sales as Tesla S and X. Tesla broke out with the model 3 and then Z. Sound familiar? R2? When I see a Bronco and I see a lot of them, I think there is a future R2 sale. R2 will be a much better vehicle and will be faster and do more. Orders will pile up. What will be next from Rivian after that?
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