MatthewWalter
2021-12-30

$Rivian Automotive, Inc.(RIVN)$ I'm trying to like this stock. I think now is not the right timing. Ford$Ford(F)$ CEO saying he will sell their 12% stake after Lock Up period is over, production issues seeming to get worse throughout 2022. Two neighbors of mine were part of the 71,000 pre-orders. Both said in a group text they cancelled after getting the email RIVN sent out about delivery being pushed to mid 2023. My guess is that 60% or more of those 71,000 pre-orders end up cancelling. Those are not sales and they are fully refundable to the (non) buyer.I think the hype got into this one. I like buying in early 2023 when the price reflects the value around $40

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  • breAkdaWn
    2021-12-31
    breAkdaWn

    Probably by 2023 the EV will be half price.

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