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re: Rivian a growth stock I am reconsidering

Posted on 11/15/23 at 12:40 pm to
Posted by Diseasefreeforall
Member since Oct 2012
5626 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.
Posted by Hmanhunt
Member since Sep 2015
644 posts
Posted on 11/15/23 at 1:46 pm to
I’m with you on the competition and what that will look like by the time the R2s get here in 2026. But I still view as the same way people buy an Escalade vs a Honda Pacifica. Yeah there are cheaper options but the Rivian is a cooler vehicle
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