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re: Rivian a growth stock I am reconsidering

Posted on 11/15/23 at 9:25 am to
Posted by Hmanhunt
Member since Sep 2015
644 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.
Posted by Diseasefreeforall
Member since Oct 2012
5625 posts
Posted on 11/15/23 at 12:40 pm to
The questions I have are what's the growth potential for the truck and how will competition affect sales of the RS1 SUV, which should be the bigger growth opportunity.

The Kia EV9 will be a direct competitor and has a package with superior range, although with much worse acceleration, to the RS1 base model and it's $19,000 cheaper. Their higher horsepower model is still $14,000 cheaper to the RS1 base with about the same range.

Plus Hyundai has a 3 row SUV about to launch that should be cheaper and Ford and Chevy will have new EV SUV's as well near-term.
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