$Rivian Automotive, Inc.(RIVN)$100B still way overvalued with 0 sales! Around 50B for new start up that yet to prove itself, so price should be 60-75. Don't forget, why Ford pull out the deal too! This is not Tesla n Elon musk! Overhype in a crowded me at market!
@Heibi:$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 overvaluedGreen 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.
$Rivian Automotive, Inc.(RIVN)$100B is still over value! And more expensive than Lucid with 0 car produce! This is not Tesla (now) but Tesla hype! Price has room to sell down to 100.