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re: Rivian a growth stock I am reconsidering

Posted on 11/14/23 at 9:30 pm to
Posted by Mariner
Mandeville, LA
Member since Jul 2009
2086 posts
Posted on 11/14/23 at 9:30 pm to
I lost my arse on it and sold it after a year.
Posted by Hmanhunt
Member since Sep 2015
669 posts
Posted on 11/15/23 at 9:25 am to
quote:

I lost my arse on it and sold it after a year


I hear you it IPOd at a ridiculous price riding the Tesla hype. But I really think they have a legit operation going and there is demand for their vehicles. I wouldn’t recommend my dad to buy the stock but for someone who has time to let a company grow out of the burning cash stage it could be a nice investment. TSLA took a decade before they started making a profit and Amazon even longer.
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