$Rivian Automotive, Inc.(RIVN)$ 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.
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