Rivian Automotive Inc ๐Ÿ”Œ ๐Ÿ›ž RIVN - Stock Discussion

New COO & the head of production is now the ex head of production.

Scroll to the โ€œlittle birdโ€ section for more details on the reorganisation.

Rivian is dividing its commercial business with one group focused on its B2B vertical and the other on its B2C vertical.

Baby steps

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Add Rivian to the layoffs list.

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Good news but 100000 trucks do not make a car company.
Rivian needs to replicate this many times over to stay in the game.

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Worth buying as itโ€™s lower than past six months ?

Hey @Parekh welcome to the community :ocean:

Where any stock has been in the past is not a useful metric when trying to work out where itโ€™s going.

Rivian faces some serious headwinds as a business if you feel theyโ€™re well placed to tackle these and thrive then you should take a further look into the business.

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I was up 30% on rivian last week, itโ€™s dropped back down to near where I jumped on so I bought some more. I will keep buying if it stays at this level or lower. They are Tesla Killerโ€™s and have had some positive news recently after an awful start to the year. You should do your own research though and then decide if it is for you

Iโ€™m sorry to say but I sold out. It was taking my portfolio down into the red so I decided to bail.
Iโ€™m sure they will recover eventually but they have a lot to do to get back to a good valuation.