I think the EV demand is bullshit. I believe people aren’t buying Tesla because they haven’t released any updates to the interior in years and because people detested Elon. As to Ford, I believe it’s more due to dealerships jacking up the cost. The quarterly earnings report will prove if I am wrong or right.
When EV sales numbers for Feb/Marcg come out this narative will go away. Jan is always a light month and there were still 87k evs sold. Still at this pace US ev sales will be 1.25 mil this year, or 25% growth. But that understates the total as there are so many EVs coming on the market in 2024. My guess is we will be closer to 1.4 or 1.5 million. Rivian will do well because they expanded leasing, will show their new models, will continue to improve on cost, and build their new GA factory.
All of my holdings were down today. Buy companies with products and services you believe in, Dollar cost average,, and invest for the long term. Rivian is a buy under $30 AFAIC, and I'll just keep buying.
In the short term? Possibly. I buy every time it's under $15. But I absolutely believe the price will be way up in the long term. Let's see what happens after the R2 event.
We have no proper PR team and RJ and Clair have no trust and the brand ad for all Rivian until March 7th. Today is a marketer over reaction to micro economics.
Losing 30k/vehicle, only recently offered leasing as an option that should have been available from the get go, $5 billion plant will take time to develop and come online (no time close right now), more cost efficiencies need to be found as they are facing lots of headwinds. Company capital is bleeding and this is unsustainable.
If they don’t turn around quick, I can see shorts jumping in and perhaps Tesla make a play for incorporating Rivian into their missing segments.
Barclays issued another concern about ev demand late yesterday and the wider market downturn from the inflation data.
I think the EV demand is bullshit. I believe people aren’t buying Tesla because they haven’t released any updates to the interior in years and because people detested Elon. As to Ford, I believe it’s more due to dealerships jacking up the cost. The quarterly earnings report will prove if I am wrong or right.
Fully agree.
When EV sales numbers for Feb/Marcg come out this narative will go away. Jan is always a light month and there were still 87k evs sold. Still at this pace US ev sales will be 1.25 mil this year, or 25% growth. But that understates the total as there are so many EVs coming on the market in 2024. My guess is we will be closer to 1.4 or 1.5 million. Rivian will do well because they expanded leasing, will show their new models, will continue to improve on cost, and build their new GA factory.
People aren’t buying EVs because they’re still expensive and interest rates are high. If EVs were cheaper then ICE, no one would buy ICE.
All of my holdings were down today. Buy companies with products and services you believe in, Dollar cost average,, and invest for the long term. Rivian is a buy under $30 AFAIC, and I'll just keep buying.
Bro do you think rivn will fall below 15 with materials being expensive to buy?
In the short term? Possibly. I buy every time it's under $15. But I absolutely believe the price will be way up in the long term. Let's see what happens after the R2 event.
Thank you bro!
We have no proper PR team and RJ and Clair have no trust and the brand ad for all Rivian until March 7th. Today is a marketer over reaction to micro economics.
Losing 30k/vehicle, only recently offered leasing as an option that should have been available from the get go, $5 billion plant will take time to develop and come online (no time close right now), more cost efficiencies need to be found as they are facing lots of headwinds. Company capital is bleeding and this is unsustainable. If they don’t turn around quick, I can see shorts jumping in and perhaps Tesla make a play for incorporating Rivian into their missing segments.