RIVN - Ready to Make New Lows

Earningswere not kind to $LCID.

Lucid Group cut its car production forecast for this year by as much as 40%.

The company cited supply chain constraints and parts quality issues for slashing production to between 12,000 and 14,000 vehicles, down from initial expectations of 20,000.

“This reflects the extraordinary supply chain and logistics challenges we’ve encountered and our unrelenting focus on delivering the highest-quality products,” Lucid CEO Peter Rawlinson said in a statement. “We remain confident in our ability to capture the tremendous opportunities ahead given our technology leadership and strong demand for our cars.”
It hasn't been much different for car companies across the world, EV or not.

This brings us toRIVN. A stock that has been cratering from its highs earlier this year. They reportearningson March 10th. The same dayCPIis released. Talk about a double whammy.

Supply chain constraints remain and I expectRIVNto guide in a very similar manner to LCID. They are both in the early innings of their life cycle as companies and not as well equipped to handle inflationary and supply risks like the seasonedTSLA. Until this point I had not even mentioned the tremendous chip shortage.

ExpectRIVNto only make new lows from here on out with thisinverted cup and handlesetup as noted above.

from tradingView $Rivian Automotive, Inc.(RIVN)$

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Comments

Kelvinpek
2022-03-10
Kelvinpek
On the contrary, my view for EV in general with the effect on oil price due to tension. Renewable energy is the way to go into the future. Though EV produxtion for certain companies might slow down
boo123
2022-03-10
boo123
hi

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A stock that has been cratering from its highs earlier this year. They reportearningson March 10th. The same dayCPIis released. Talk about a double whammy.</p> <p>Supply chain constraints remain and I expectRIVNto guide in a very similar manner to LCID. They are both in the early innings of their life cycle as companies and not as well equipped to handle inflationary and supply risks like the seasonedTSLA. Until this point I had not even mentioned the tremendous chip shortage.</p> <p>ExpectRIVNto only make new lows from here on out with thisinverted cup and handlesetup as noted above.</p> <p>from&nbsp;tradingView&nbsp;<a href=\"https://laohu8.com/S/RIVN\">$Rivian Automotive, Inc.(RIVN)$</a></p></body></html>","htmlText":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/ca1ff06409bf71873fd0fa6076e2e8ee\" tg-width=\"-1\" tg-height=\"-1\"></p> <p>Earningswere not kind to $LCID.</p> <p>Lucid Group cut its car production forecast for this year by as much as 40%.</p> <p>The company cited supply chain constraints and parts quality issues for slashing production to between 12,000 and 14,000 vehicles, down from initial expectations of 20,000.</p> <p>“This reflects the extraordinary supply chain and logistics challenges we’ve encountered and our unrelenting focus on delivering the highest-quality products,” Lucid CEO Peter Rawlinson said in a statement. “We remain confident in our ability to capture the tremendous opportunities ahead given our technology leadership and strong demand for our cars.”<br>It hasn't been much different for car companies across the world, EV or not.</p> <p>This brings us toRIVN. A stock that has been cratering from its highs earlier this year. They reportearningson March 10th. The same dayCPIis released. Talk about a double whammy.</p> <p>Supply chain constraints remain and I expectRIVNto guide in a very similar manner to LCID. They are both in the early innings of their life cycle as companies and not as well equipped to handle inflationary and supply risks like the seasonedTSLA. Until this point I had not even mentioned the tremendous chip shortage.</p> <p>ExpectRIVNto only make new lows from here on out with thisinverted cup and handlesetup as noted above.</p> <p>from&nbsp;tradingView&nbsp;<a href=\"https://laohu8.com/S/RIVN\">$Rivian Automotive, Inc.(RIVN)$</a></p></body></html>","text":"Earningswere not kind to $LCID. Lucid Group cut its car production forecast for this year by as much as 40%. 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They are both in the early innings of their life cycle as companies and not as well equipped to handle inflationary and supply risks like the seasonedTSLA. Until this point I had not even mentioned the tremendous chip shortage. 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