$Rivian Automotive, Inc.(RIVN)$still too overvalue although its a “good” company backed by “Amazon”
Red flag points:
- haven even start production and deliveries
- for a gd EV to be good, batteries! No batteries no need see the car
- If there is an even better company, Amazon can always switch providers
- Price is already way overvalued
Green flag:
- if the price is about $100-$110, will consider open an position provided the company announced news on its batt and how it sustain.
- less ppl behaving like fomo, like this company becoming more valuable than lucid which already started delivering.
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