Rivian is a better buy than Lucid, IMO

Yonny
2021-11-02

$Rivian Automotive, Inc.(RIVN)$,the EV automaker and automotive technology company is going to go public as soon as next week, and retail traders can get into the IPO on $SoFi Technologies Inc.(SOFI)$

Rivian said it is offering 135 million shares priced between $57 and $62, putting valuation up to near $55 billion. And the company is backed by $Amazon.com(AMZN)$ and $Ford(F)$

So compared to $Lucid Group Inc(LCID)$ at the current price, is Rivian stock a better buy? My answer is definitely YES! 

Lucid is trading at 60b market cap and just started delivering their first vehicles, and this helps to understand the potential value for Rivian. In fact, the market cap of Rivian will only be higher. A report in August pegged the company's value at around $80 billion, which is greater than the market cap of industry stalwart $General Motors(GM)$

Some Rivian's pickup truck designs are very innovative so that it can steal some of the truck market shares away from Ford truck owners. Actually Rivian vehicles are geared for those who don't need a truck, but don't mind having that bed space when they need it for travel and camping. After all, compared to the $170k luxury EV of Lucid, who will say no to Rivian's beautiful electric truck which only sells at around $70k?

(The R1T is an all-new model from Rivian, and it'll start being delivered to customers by the end of 2021. )

Yeah, I agree that beauty is in the eye of the beholders, not the shareholders... Now that I've decided to get on board for Rivian after it goes public, do you guys think it looks good? 🤣 I see beauty anyway! 

Finally, can $Lucid Group Inc(LCID)$ and $Rivian Automotive, Inc.(RIVN)$ surpass the EV leader $Tesla Motors(TSLA)$  to join the Trillion dollar club? 

Well, if you ask me... they have to make Elon Musk their CEO first! 😂 

免责声明:上述内容仅代表发帖人个人观点,不构成本平台的任何投资建议。

精彩评论

  • 山野万里
    2021-11-02
    山野万里
    To be honest, I will buy Rivian if it is below $45. I’m not sure if someone who owns a truck or SUV would choose an EV
  • Maria_yy
    2021-11-02
    Maria_yy
    I am not sure about lucid, but give some time to rivian...
  • KYHBKO
    2021-11-02
    KYHBKO
    it is at an early part of their EV journey and pickup is one good segment (where Tesla has yet to release product). company has potential. let's monitor
  • huniu
    2021-11-18
    huniu
    Defini Riv, visual beauty and cutting-edge technology, really like driving a tank on the road 360 degree revolve on the same point. Sono is a also a good choice, but it has increased nearly 200%.
  • 盐焗小星球_
    2021-11-02
    盐焗小星球_
    Maybe Amazon and GM first
  • llynnnie
    2021-11-02
    llynnnie
    Definitely! Is there anybody order the lucid? I really want to see who is that guy[Sly]
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