JohnnyYoung
2023-03-03

$Rivian Automotive, Inc.(RIVN)$ I've waited months to start a position. That time is now.

In what world is $Rivian Automotive, Inc.(RIVN)$ worth less than $Rivian Automotive, Inc.(RIVN)$ when they're expected to reach profitability 4+ years earlier?

In what world is expected future demand of $100k+ sedans higher than pickup trucks and SUVs?

Look, I've been a $Tesla Motors(TSLA)$ investor since 2018 and follow EVs and the vehicle market very close. Probably too close! There's only going to be a handful of companies that will survive the transition to EVs. From the onset I believed the market was giving far too high a premium for successfully scaling production. It's why I've not touched any company not called TSLA. That is until now.

This is a very intensive capex industry and there's no guarantees, but at this valuation $Rivian Automotive, Inc.(RIVN)$ is a buy if you believe they'll eventually reach profitability. Low valuation provides a lot of buffer for missing their targets.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leave a comment
8