$Rivian Automotive, Inc.(RIVN)$ Its true the demand for EV slowed down but its still there . It does not grow as fast as before. Since many big names as Ford and others either stopped or significantly reduced their EV the market can be taken by Rivian. Rivian managed to establish a name for quality and they have a sizable customer base. They are still not ready for volume production and they will have be able to sell the volume they are producing . The production volume can be impacted by supply chain issues and it is not because there is no demand. RIVN does not move fast and for sure shown a lot of creativity and capability to produce quality and to retool in few weeks and resume production. The interest rate drop is definitely a tail wind it will allow more customers to buy or lease for lower payments. There are a lot of RIVIAN trucks and SUVs on the road in California . One can see far more Rivian trucks than Tesla. The huge 11+% short position manages to push the shares down on Fridays so they shorts make profit for now but they could be squeezed any day once there be less willing to sell.
Comments