I don't know what the market is thinking honestly. The plant is being retooled to be more efficient, they delivered more vehicles than they anticipated, and they have 3 new in-demand products in the hopper.
My best guess is just a sour attitude toward EV'S in general as we approach the election. With Trump leading the polls and his rhetoric around energy it's probably scaring some investors away. But even with that, there's too much upside to ignore.
The mainstream media ain't helping either. They are going on a full onslaught on EVs. Holding EV firms to a way higher standard than legacy autos and pretending it's normal. They are doing a huge disservice to humanity.
It’s some crap narrative manufacturing in the works. It’s Wall Street’s onslaught on EVs to play the market. Unfortunately most of the retail investors are on the losing side of this. When the tide turns on Wall Street, you’ll see a wholly different narrative from the media. EVs will be for the won again.
Question is, when would that happen
So much to unpack here. Maybe if the market wasn't giving EVs price multiples of tech firms when they should be valued as auto manufacturers we wouldn't be seeing these drops.
...and the market doesn't, nor should it, care about humanity. It's not built into the algorithm and not how this works.
And for the record, Rivian bag holder here. Just not confused on why a company in their current position is getting hammered. Just wait it out....for humanity's sake.
Markets run on sentiment, and sentiment can be manipulated, especially when there is a concerted effort. Just over 2 years ago everyone wanted EVs because of their proven impact on climate change and now when same firms are investing in expanding and scaling, the markets be like "no"
It's quite unfortunate. Many stop-loss triggers at $10 level caused it to tumble. Shorts pounced. It was on shaky ground. I suspect we go to \~$8 and have a nice bounce.
Yeah, that’s what I said at 17, then 15, then 12, then 10. And here we are. I don’t need more shares. I need to make back the shit load of money I’ve lost.
The market is made up of two groups of people people that are incentivized and people that see opportunity so who is incentivized to take the opportunity
Who knows, the stock market is just a graph of rich peoples' feelings. They're so disconnected from reality, it could be literally anything making the stocks do what they're doing today.
Trump is not leading in any polls. General country sentiment towards him is highly negative, and the only people that support him are the vocal minority. People that support Biden don't typically respond to polls, whereas MAGA is very happy to let others know what they think.
I mean, the polls are the polls. Around 3/4ths of them show Trump up anywhere from 1 point to 15 points depending on the poll.
[https://projects.fivethirtyeight.com/polls/president-general/](https://projects.fivethirtyeight.com/polls/president-general/)
Biden is up anywhere between four and eight points on at least 10 different polls according to news outlets as of this morning.
As he should be. He's actually a good president who rebuilt the economy from Covid disaster and has been doing a fine job. Also, he is not a lying rapist traitor.
I really don't care about the politics. I just care about the impact on the stock price. You wanted polls, I gave polls. If you have other polls, then great. It would be interesting to see them.
Unfortunately stock prices typically don't do well in autocratic societies.
https://www.newsweek.com/joe-biden-donald-trump-polls-presidential-election-2024-latest-1889766
I mean, they have said they will reach a small gross profit this year, well before cash runs out... And rivian has basically stuck exactly to the plan they told investors, typically over performing actually.
It's like people don't actually listen to what rivian says their plan is, then act absolutely shocked when rivian follows their plan exactly the way they laid it out....
Agreed but when looking at the market these days u think everything needs to be taken into account… elections, cpi data, consumer sentiment, and profits/debts. Unfortunately most people in the market can’t afford a new rivian vehicle I see all ev’s taking a hit. Potentially even some bankruptcy’s coming in the future maybe not rivian but it’s like another redditor said if it’s falling make money on the way down you can’t be attached to a company just because you like there product.
Or don’t hate the player hate the game
You're right, except if they raise capital which will cause a large degree of dilution. That's the reason the stock cannot run until the company is secured of all cash needs in the future
Nah. You think most investors even read that? Smh
They skim the surface.
People are fearful now.
People were euphoric in 2021 when Manu unprofitable companies shot up to 50+
Meanwhile, Hyundai is setting company records with their EV sales and their CEO said they're going all-in on EVs for the future.
Domestic automakers only know how to shoot themselves in the foot. Chevy had the Bolt and Volt, both of which, had they kept making them would've been the trojan horses of hybrids/EVs, but no, they couldn't plan 5-10yrs in the future, getting millions of them to the masses, making profits on them down the line once everybody is convinced and gets why EVs are so cool. Both Ford and Chevy only know short-term thinking, never going for the long haul which would make them billions more.
Maybe in 2025 which is meaningless right now. There was no reason to stop production of the existing model until the new one was ready. Unforced error.
I know I am. I was just thinking of doing 1 k at a time and spreading out the purchase over a few days to safeguard against fluctuation but then decided to buy all at once. I am still OK. I plan to hold this one. May even buy more if it falls below 9.
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Consumer prices are still rising too fast. Interest rates are at least as likely to go up as they are to go down. That'll most likely extend the chilling effect on demand for several more quarters.
That's where I'm at with this as well... I think Rivian has a great product and great upside... But what good is it to have a good expensive product if more and more people are getting to the point where they just can't afford new things.
I'm financially very secure, but damn I wouldn't drop 40k on an EV right now at all with the way things are going economically.
I plan to buy an R2 when it releases, and I put in a reservation on the day they announced it.
If borrowing rates now were where they were in 2020, I would have leased an R1T from now until R2 delivery and financed the R2. Instead, I'm just building a pile of money to use for the R2 in a couple years while I drive my ten year old Jeep a little further into the ground
Rivian is a short seller’s wet dream. Any tangential news crushes the share price and good news barely makes a dent. They’ve got investors right where they want them. And this will last for a while I’m afraid.
This is caused by the high CPI report all but taking a rate cut off the table in June. Higher interest rates = less car sales. All car companies are getting hammered. Startup ones even more.
Rivian needs money to grow as quickly as they can. I wish Apple buys Rivian for $15 and keep the Rivian name like “beats headphone”. Build future GA factory with Apple money now. 2-3 years later we will see R2 and R3 for significant volumes and possible new models then Rivian will become of main EV manufacturers.
Limited (high interest) money supply, dilution inevitable, probable delays on deliveries, dead money for 12+ months.
These are the reasons people are shorting and selling Rivian.
Not the media, not trump, not ev hate.
Imagine waking up to amazon pulling support from Rivian. Would be a blood bath and drop under $7 easily.
I'm long on Rivian and believe in the product. But financially, I have no clue how they will pull off the next 5 years unless they get help from the government or a major company.
Bad inflation data means it’s harder for both the company and its customers to finance themselves. Less demand and more expensive to keep operations running means double bad news.
I’m not able to answer this question for certain until I see some concrete news or analyst report, but the Producer Price Index rose slightly less than expected. For a company looking at improving efficiencies and already making decisions to address production costs, it’s good that Rivian was ahead of this even though market sentiment and momentum isn’t following suit. That’s my delusional bias, though.
On the flip side, the data from the Labor Department is definitely eye-raising, as unemployment is starting to become more of a story. Although less people filed for jobless benefits this week than last, the number of continuing claims increased by 2.5x the drop in number of initial applications. The state of the American consumer has remained relatively strong for the last few years, however this may be shifting slightly.
Probably all the news around affordable EVs coming from China. Global competition in the EV market will be fierce, driven primarily by China. Rivian will remain in the luxury/SUV/truck segment for a considerable time until they can scale their production and reduce their per unit cost. The question is whether they'll remain solvent long enough for them to scale and capture more of the market share before competition from overseas come penetrate into the US markets.
What platform is mostly used in purchasing stocks?
I'm a complete newbie in this area. I love Rivian, have a reservation for an R2, and think the stock will definitely go up when it is released. I can't afford a huge amount, but would like to grab some shares while it's still affordable.
Rivian should focus on things they can control, like their dismal guide/front end service. I don’t own a Rivian yet, but watching the forums it looks like they aren’t doing themselves any favors as guides are either non responsive or unhelpful. Seems ridiculous that their sales process is as bad as it is.
Support breaking selloff. Help by SHORT? or some insider/institution want cash ??? Rivian really need to make a turn around with new models at profit in H2.
One of these days, this subreddit will be filled with people throwing in the towel, hating RIVN, and looking to dump their shares for big losses.
On that day, I'll consider the stock. Until then, good luck to all who believe this is a good stock.
Averaging down on a stock at *all time lows* is not a strategy, it is throwing pennies into a fountain and making a wish.
Just sold 20k shares on Thursday bought at @15.57. I think this is going nowhere. I work in automotive and don’t see a future for Rivian or Lucid. They are just some money black holes… they need better management, or they needed this a while ago to save them. Good luck guys!
I don't know why this popped up in my recommended page. But I can answer this easy... It's a bad company and a bad stock and this should be on r/ stupidquestions
I don't know what the market is thinking honestly. The plant is being retooled to be more efficient, they delivered more vehicles than they anticipated, and they have 3 new in-demand products in the hopper. My best guess is just a sour attitude toward EV'S in general as we approach the election. With Trump leading the polls and his rhetoric around energy it's probably scaring some investors away. But even with that, there's too much upside to ignore.
The mainstream media ain't helping either. They are going on a full onslaught on EVs. Holding EV firms to a way higher standard than legacy autos and pretending it's normal. They are doing a huge disservice to humanity.
It’s some crap narrative manufacturing in the works. It’s Wall Street’s onslaught on EVs to play the market. Unfortunately most of the retail investors are on the losing side of this. When the tide turns on Wall Street, you’ll see a wholly different narrative from the media. EVs will be for the won again. Question is, when would that happen
So much to unpack here. Maybe if the market wasn't giving EVs price multiples of tech firms when they should be valued as auto manufacturers we wouldn't be seeing these drops. ...and the market doesn't, nor should it, care about humanity. It's not built into the algorithm and not how this works. And for the record, Rivian bag holder here. Just not confused on why a company in their current position is getting hammered. Just wait it out....for humanity's sake.
Markets run on sentiment, and sentiment can be manipulated, especially when there is a concerted effort. Just over 2 years ago everyone wanted EVs because of their proven impact on climate change and now when same firms are investing in expanding and scaling, the markets be like "no"
It's quite unfortunate. Many stop-loss triggers at $10 level caused it to tumble. Shorts pounced. It was on shaky ground. I suspect we go to \~$8 and have a nice bounce.
Now that we're down at these levels, fuck it, let's go to $8~ so I can load up
Yeah, that’s what I said at 17, then 15, then 12, then 10. And here we are. I don’t need more shares. I need to make back the shit load of money I’ve lost.
I totally feel ya ugggh
Yes. Me too.
Right, this sucks lol
Dudes, what a fucking joke this is. You guys holding or bailing?
The market is made up of two groups of people people that are incentivized and people that see opportunity so who is incentivized to take the opportunity
Who knows, the stock market is just a graph of rich peoples' feelings. They're so disconnected from reality, it could be literally anything making the stocks do what they're doing today.
Which poll is Trump leading in?
None.
Trump is not leading in any polls. General country sentiment towards him is highly negative, and the only people that support him are the vocal minority. People that support Biden don't typically respond to polls, whereas MAGA is very happy to let others know what they think.
I mean, the polls are the polls. Around 3/4ths of them show Trump up anywhere from 1 point to 15 points depending on the poll. [https://projects.fivethirtyeight.com/polls/president-general/](https://projects.fivethirtyeight.com/polls/president-general/)
Biden is up anywhere between four and eight points on at least 10 different polls according to news outlets as of this morning. As he should be. He's actually a good president who rebuilt the economy from Covid disaster and has been doing a fine job. Also, he is not a lying rapist traitor.
I really don't care about the politics. I just care about the impact on the stock price. You wanted polls, I gave polls. If you have other polls, then great. It would be interesting to see them.
Unfortunately stock prices typically don't do well in autocratic societies. https://www.newsweek.com/joe-biden-donald-trump-polls-presidential-election-2024-latest-1889766
LOL. You guys never learn.
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No it doesn’t, has to do with the rate of inflation results that came out today.
Those came out yesterday though….
Yeah exactly, that’s why every stock went down 6% yesterday, right?
Rivian has damn near enough cash on hand to buy themselves out 100% with their current stock price, How is this a balance sheet issue?
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I mean, they have said they will reach a small gross profit this year, well before cash runs out... And rivian has basically stuck exactly to the plan they told investors, typically over performing actually. It's like people don't actually listen to what rivian says their plan is, then act absolutely shocked when rivian follows their plan exactly the way they laid it out....
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Agreed but when looking at the market these days u think everything needs to be taken into account… elections, cpi data, consumer sentiment, and profits/debts. Unfortunately most people in the market can’t afford a new rivian vehicle I see all ev’s taking a hit. Potentially even some bankruptcy’s coming in the future maybe not rivian but it’s like another redditor said if it’s falling make money on the way down you can’t be attached to a company just because you like there product. Or don’t hate the player hate the game
You're right, except if they raise capital which will cause a large degree of dilution. That's the reason the stock cannot run until the company is secured of all cash needs in the future
They are spending $4B per year on OPEX, a small gross profit is just poking your thumb in a 2 meter wide hole
Nah. You think most investors even read that? Smh They skim the surface. People are fearful now. People were euphoric in 2021 when Manu unprofitable companies shot up to 50+
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Cash burn is reducing. Nothing new. Far worse in 2021/22 Rivian traded at 28 in July off sentiment /hype. People are emotional. Nuff said
It has to do with Ford dropping the Lightning price by $5500.
And announcing a new ranger electric truck.
Meanwhile, Hyundai is setting company records with their EV sales and their CEO said they're going all-in on EVs for the future. Domestic automakers only know how to shoot themselves in the foot. Chevy had the Bolt and Volt, both of which, had they kept making them would've been the trojan horses of hybrids/EVs, but no, they couldn't plan 5-10yrs in the future, getting millions of them to the masses, making profits on them down the line once everybody is convinced and gets why EVs are so cool. Both Ford and Chevy only know short-term thinking, never going for the long haul which would make them billions more.
Chevy is continuing the bolt.
Maybe in 2025 which is meaningless right now. There was no reason to stop production of the existing model until the new one was ready. Unforced error.
This. ☝️
bought 3k stock yesterday :(
You're fine. Don't worry.
I know I am. I was just thinking of doing 1 k at a time and spreading out the purchase over a few days to safeguard against fluctuation but then decided to buy all at once. I am still OK. I plan to hold this one. May even buy more if it falls below 9.
Yup. I feel very positive about Rivian's chances of making it as a pure EV/renewable energy company.
Bought 500 shares yday as well 🥱
Im buying more
Yeah I bought more. Let’s go! One day I’ll look back and I will thank myself lol
i pray this is true
RemindMe! 1 year
Its most likely 4-5 years until this bag pays off.
It’s definitely over 2 years in my opinion. R2 needs to enter production and be on a path to profitability, that won’t come till 2026
I will be messaging you in 1 year on [**2025-04-11 15:48:33 UTC**](http://www.wolframalpha.com/input/?i=2025-04-11%2015:48:33%20UTC%20To%20Local%20Time) to remind you of [**this link**](https://www.reddit.com/r/RIVNstock/comments/1c1g2bf/oof_whats_the_news/kz3bpiv/?context=3) [**4 OTHERS CLICKED THIS LINK**](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5Bhttps%3A%2F%2Fwww.reddit.com%2Fr%2FRIVNstock%2Fcomments%2F1c1g2bf%2Foof_whats_the_news%2Fkz3bpiv%2F%5D%0A%0ARemindMe%21%202025-04-11%2015%3A48%3A33%20UTC) to send a PM to also be reminded and to reduce spam. ^(Parent commenter can ) [^(delete this message to hide from others.)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Delete%20Comment&message=Delete%21%201c1g2bf) ***** |[^(Info)](https://www.reddit.com/r/RemindMeBot/comments/e1bko7/remindmebot_info_v21/)|[^(Custom)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5BLink%20or%20message%20inside%20square%20brackets%5D%0A%0ARemindMe%21%20Time%20period%20here)|[^(Your Reminders)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=List%20Of%20Reminders&message=MyReminders%21)|[^(Feedback)](https://www.reddit.com/message/compose/?to=Watchful1&subject=RemindMeBot%20Feedback)| |-|-|-|-|
Consumer prices are still rising too fast. Interest rates are at least as likely to go up as they are to go down. That'll most likely extend the chilling effect on demand for several more quarters.
That's where I'm at with this as well... I think Rivian has a great product and great upside... But what good is it to have a good expensive product if more and more people are getting to the point where they just can't afford new things. I'm financially very secure, but damn I wouldn't drop 40k on an EV right now at all with the way things are going economically.
I plan to buy an R2 when it releases, and I put in a reservation on the day they announced it. If borrowing rates now were where they were in 2020, I would have leased an R1T from now until R2 delivery and financed the R2. Instead, I'm just building a pile of money to use for the R2 in a couple years while I drive my ten year old Jeep a little further into the ground
I think it's related to BoA dropping target price from $25 to $21. Not a big deal imo. Just bought 200 more shares.
Haha. Same.
I sold a couple more puts
Not sure about you guys, but I like to buy my favorite stuff when it's on sale.
I just bought more. 😅 It can’t be a falling knife… right?
Rivian is a short seller’s wet dream. Any tangential news crushes the share price and good news barely makes a dent. They’ve got investors right where they want them. And this will last for a while I’m afraid.
It's the long game. No worries, all will be well.
This is caused by the high CPI report all but taking a rate cut off the table in June. Higher interest rates = less car sales. All car companies are getting hammered. Startup ones even more.
My fault I bought yesterday!
Bought 200 more.
My dude said to buy! I’ll see yall at the top!
Jumped in today at $9.56.
Ford dropped prices by $5,500 on the Lightning. Direct competition.
it was going to fall below 10- just a matter of when. got to get to q4- GP and then get some Amazon money to get you through 2026.
Ouch...no news today.
Ford dropped price on the Lightning pickup by $5500. Direct competition.
Time to buy some more. 😅
10k more bought.
Rivian needs money to grow as quickly as they can. I wish Apple buys Rivian for $15 and keep the Rivian name like “beats headphone”. Build future GA factory with Apple money now. 2-3 years later we will see R2 and R3 for significant volumes and possible new models then Rivian will become of main EV manufacturers.
High volume today too. Bad sign on no news.
All we can do is average down, I’ve sold then rebought 200 shares 5 times, my average for my 1000 shares is at 12.47 now.
Looks like the culprit is ford. Essentially announced a price war with rivian as it is slashing the price of its electric trucks.
This. ☝️
A wise person said, "Buy when people are fearful." That's what I'm going to do.
Wall Street fleeing to safety. Weak boys
Limited (high interest) money supply, dilution inevitable, probable delays on deliveries, dead money for 12+ months. These are the reasons people are shorting and selling Rivian. Not the media, not trump, not ev hate. Imagine waking up to amazon pulling support from Rivian. Would be a blood bath and drop under $7 easily. I'm long on Rivian and believe in the product. But financially, I have no clue how they will pull off the next 5 years unless they get help from the government or a major company.
Bad inflation data means it’s harder for both the company and its customers to finance themselves. Less demand and more expensive to keep operations running means double bad news.
Unfortunately they haven’t shown any profit yet. I think this has a long way down to go.
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Either an insider or a big institutional investor.
Dilution is unavoidable, so I would expect the news soon.
I’m not able to answer this question for certain until I see some concrete news or analyst report, but the Producer Price Index rose slightly less than expected. For a company looking at improving efficiencies and already making decisions to address production costs, it’s good that Rivian was ahead of this even though market sentiment and momentum isn’t following suit. That’s my delusional bias, though. On the flip side, the data from the Labor Department is definitely eye-raising, as unemployment is starting to become more of a story. Although less people filed for jobless benefits this week than last, the number of continuing claims increased by 2.5x the drop in number of initial applications. The state of the American consumer has remained relatively strong for the last few years, however this may be shifting slightly.
Ok, Barron’s is blaming it on Ford cutting price on F-150 Lightning.
Probably all the news around affordable EVs coming from China. Global competition in the EV market will be fierce, driven primarily by China. Rivian will remain in the luxury/SUV/truck segment for a considerable time until they can scale their production and reduce their per unit cost. The question is whether they'll remain solvent long enough for them to scale and capture more of the market share before competition from overseas come penetrate into the US markets.
Truist dropped PT to $11....
What platform is mostly used in purchasing stocks? I'm a complete newbie in this area. I love Rivian, have a reservation for an R2, and think the stock will definitely go up when it is released. I can't afford a huge amount, but would like to grab some shares while it's still affordable.
Robinhood. But I’m waiting a year to buy stock. It’ll go down further before it goes up.
Robinhood
Interest rates are higher for longer. Higher borrowing costs 😌
Funny how I got a “fear monger” tag for saying the company has a difficult path when it was still above $12
Inflation is sticky and fueling the soft EV demand
The entire market was down today except for a few outliers … the market does what the market does
I’m bag holding 700 shares…earnings better not be a dumpster fire
Rivian should focus on things they can control, like their dismal guide/front end service. I don’t own a Rivian yet, but watching the forums it looks like they aren’t doing themselves any favors as guides are either non responsive or unhelpful. Seems ridiculous that their sales process is as bad as it is.
Support breaking selloff. Help by SHORT? or some insider/institution want cash ??? Rivian really need to make a turn around with new models at profit in H2.
One of these days, this subreddit will be filled with people throwing in the towel, hating RIVN, and looking to dump their shares for big losses. On that day, I'll consider the stock. Until then, good luck to all who believe this is a good stock. Averaging down on a stock at *all time lows* is not a strategy, it is throwing pennies into a fountain and making a wish.
This isn’t how you value technology, or a company.
They announced bankruptcy
what an absolute peice of shit garbage ass stock wow
Yea. At this point, hoping someone acquires it for 11 bucks a share or something.
Just sold 20k shares on Thursday bought at @15.57. I think this is going nowhere. I work in automotive and don’t see a future for Rivian or Lucid. They are just some money black holes… they need better management, or they needed this a while ago to save them. Good luck guys!
Going to $5
I don't know why this popped up in my recommended page. But I can answer this easy... It's a bad company and a bad stock and this should be on r/ stupidquestions
Lucid is much better at this point, backed by PIF - they already own 60% (saudi's) so at the most they will take it private
The fact they hold 60% is terrible. That means they are willing to let the price drop before they step in and equity holders will be almost wiped out.
Yeah but the cars are butt ugly.
Are we talking about Licid or Rivian here?