Is Rivian still worth it?

 Let's explore the reasons why Rivian looks too expensive for what it has to offer.

1. Rivian's tech isn't a game-changer

Rivian focused on building electric SUVs and pickup trucks. It sets itself apart by specializing in the utility-vehicle niche. Recently, Ford dropped the partnership with Rivian, which shows that Rivian are not good enough for Ford to put effort + invest in integrating both softwares and incorporate into their vehicles. Have you wondered what’s so special about Rivian now?

2. Stiff Competition 

If Rivian is going for their best seller - Utility vehicle which is a niche market, can they fight Ford? Ford has been America’s best selling trucks for the past 40 years. Now, Ford gonna do their own EV for trucks. Where will Rivian stand?

Ok, if Rivian wanna go luxury way fight with Tesla…I don’t need to explain much for this… By the time they launch next year, Tesla or even Nio will take over as the pioneer EV. So, where will Rivian stand?

And I don’t think Amazon will help much. Probably will pull out or end the contract without renewing it.

3. Financial Statement

They haven’t even started producing to sell to public and already have such high expenses / loss. I wonder what wil their report look like when they start producing …..

Have fun and good luck if you are with $Rivian Automotive, Inc.(RIVN)$

$Tesla Motors(TSLA)$$NIO Inc.(NIO)$