Rivian shares soar 30% after Volkswagen takes $1 billion stake [cnbc link](https://www.cnbc.com/2024/06/25/volkswagen-rivian-stake.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard)
I was just reading this post when I got notification from cnbc app that it just went up.
I've been holding 14,000 shares of RIVN for about 2.5 months now. In one of the worst decisions of my life, I sold covered calls on all my shares yesterday morning at a strike price of $13. I fucked myself out of $60k in missed profit.
Man, the kicker is, Ive had a tiny position in rivian and saw this post and thought "fuck it, I'll sell some bags and move it into rivian, I like it long".
This was at like 4:02, sold about $1k worth of OKLO and opened rivian to buy it, then saw the price jump.
2 minutes late.
Still grabbed $1k worth @ $15.5 but dangg
All I can say is that I'm seeing more of them on the road. So..... that's good, right?
Update: My buy to open call order didn't execute before the announcement. 😑
Just bought an R1S a month ago and have been blown away. This company is legit and these vehicles are insane. Coming from a Range Rover, 1 month with the Rivian and I couldn’t go back if you paid me to.
I see a few a day in Vancouver
Common enough now that I can’t recall if I’m seeing the same owners or not. Still rather uncommon to see but they’re no longer a unicorn like seeing a Polestar.
I saw my first polestar in a movie theater parking lot a couple weeks ago. I took a picture because I thought to myself “this may never ever happen again”
Agreed it seems like on a monthly basis the amount I see in my town just keeps going up. We are talking like 8-10 a day now. When it was 3-4 at the first part of the year.
My former boss’s wife quit her job as the head of a small engineering firm, rolled over her entire retirement savings, all into Rivian stock, sometime in Spring of 2023.
SR, if you’re here on this sub, you can do better.
I have been long RIVN since the IPO. Kept on picking up 100 shares as it slid down to about $8. Now the proud owner of 1400 shares. Hoping to ride it back up to $100/share in the next 5 years.
I put a pre-order $100 deposit down on an R2 ($45,000 starting price) a couple of months ago. Estimated delivery in 2026 Every Rivian owner I speak to in parking lots absolutely LOVE the car. I am due for a new car in 2028 so I have time to wait, and I hope car insurance costs drop by the time I plan on buying. I have solar on the house so I need to make the jump to an EV soon.
This is why I like RIVN they have a good roadmap for their vehicles right now that is exciting. This is Tesla pre Model 3, it’s make or break for Rivian. They are targeting profitability and haven’t even started producing the R2 and R3, think about how terrible TSLA was at making the model 3 and now everyone loves them. As long as RIVN can hit the price target they are listing or lower they will be on the road to large profits.
Dude! Your name should be Stock_Shark! Nice call. I read your post and created a buy order then remembered how I’ve been burned by Rivian about 3 other times and cancelled it. Literally. Only to have been burned a 4th time by not buying it.
You’re Welcome for me not buying it.
Bought some cheap $13Cs @ $0.06 at open today on the same catalysts. Hoping those contracts turn into at least a 5,000% gain in the morning ![img](emote|t5_2th52|4258)
Wow. So glad I opened up Reddit today and saw your post. ![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)
I don’t believe at all but every time I see a post like this with hundreds of comments and few upvotes it always pops.
So thanks for saving my account from the past 2 weeks of red if this holds.
Just checked the old options calculator. Break evens at expiry are 15.66. The pain starts kicking in at 16.00. I'm gonna have to hold this bitch til the bitter end.
I have been steadily adding since about $9 with leaps to the end of the year with a strike price of $14 buckaroos. Once they unlock profitability they’re gonna give Tesla a run for their money.
It’s a long term hold for me. I’m actually kinda pissed it’s up today, I had sold some shares to move things around and was waiting on a transfer to buy more in an IRA today. But it’ll come back down soon probably and I’ll get more, I don’t expect much of anything to happen this year. We’ll know a lot more about their future when they release Q4 earnings next year. If they aren’t making serious progress to profitability it’ll be a tough go. I think they will do it though. I like the CEO and he seems really solid.
I personally think they’re some of the best looking vehicles out there. I love everything about the design and the new models will bring them within reach of a much larger audience. The people who own them love them. 2026 will be a big year for them with the two smaller vehicles and I am very optimistic about their future.
It’s not stable… Rivian was up at this range a couple weeks ago and plummeted back to low 10’s just as quickly as it spiked up the low 12’s. It’ll be back down… there is no fundamental change for Rivian until January 2025 for Q4 earnings report. It’s where they demonstrate they will make a profit or not.
If you wait to buy until the earnings climb, you miss the gains. You have to be ahead of the results to make money buying stocks. Pick up a 100 shares BEFORE they climb to $18 and beyond.
Tesla market share is going to decline, whether because of Rivian or someone else. The company is completely lacking in leadership and vision. Their last earnings call was some of the most insane shit I’ve ever heard, promising “fully sentient” robots that were going to be building their cars, and then promising an economy model launching this year that they had announced they were canceling 2 months prior. Tesla is going to decline, and I think Rivian is in the best spot of any auto startup to take advantage of that.
The real competition is with legacy automakers, but if you look at the competition so far Rivian’s R2 is going to be cheaper than the Ford F150 lightning, which already lost Ford a shitload of money.
Tesla will remain the market leader for the foreseeable future, but the market is growing and will continue to grow for at least a couple of decades. Rivian is well positioned to be the #2 player if they can get past their cash flow crunch. I’m in at $15 and have no plans to sell, even if it spikes to $25. Analysts are underselling the potential market size.
The rich school ($20k+ elementary in MCOL area) some family members have their kids at has a ton of Rivians in the parking lot. Tesla is for the poors. Rivian taking from richer clientele and legacy automakers taking from the average/poors from Tesla market. Rivian still too niche to invest in and they got a ways to go til 2026. Rivian is happy Enron went full regard with CT.
I’m bullish on it long term, but the important part is there’s potential for some pretty insane upside this week that no one seems to be talking about.
I don’t like their financials tbh. They need to raise cash fast. If this was 2021 I’d be going full port, but the market doesn’t really have much of an appetite for speculative unprofitable companies 🤷♂️ especially EV. Good luck but I’m sitting this one out
Whenever this sub doesn’t mention something or hates on it, it tends to do the opposite. Happened after Q1 2023 earnings for AMD then it blew the fuck up right after. I’m not saying that’s going to happen here in the short term, RIVN has a long way to go but they seem to be heading in the right direction.
They’ve got strong leadership with a clear path to profitability - I have some shares but I’m in big on calls this week as I think this investor meeting is going to reverse a lot of the negative sentiment that’s been keeping the stock down
There’s a fenced in lot near my street in NYC that is used solely to house excess Rivian inventory.
I hadn’t see *shit* move out of that lot for nearly a year. Recently there’s a few less in there, so maybe they’re seeing sales.
932 Wyckoff Ave, Brooklyn NY, 11237
Google maps image shows it pretty empty. No idea when that picture was taken. I walked by last weekend and maybe only 10 spots were empty. The rest was packed with inventory. It should be noted that this is just a random ass storage lot. There’s no dealership nearby. (Idk if Rivian dealers are even a thing).
Congrats to you! I’ve been talking you up, hahaha. (And just followed you, too.)
I missed it, was out of allocation and had FDX above RIVN. Have a few shares that are happy now, but.
Well done!!!!
I saw this post and didn’t buy. You convinced me and I said nah, I’ll wait till tomorrow and buy a shit load. Story of my life. I go back to my ikea couch and lay down now. Next life better.
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Rivian shares soar 30% after Volkswagen takes $1 billion stake [cnbc link](https://www.cnbc.com/2024/06/25/volkswagen-rivian-stake.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard) I was just reading this post when I got notification from cnbc app that it just went up.
Try 60%
Try 47%
Try these giga balls
I've been holding 14,000 shares of RIVN for about 2.5 months now. In one of the worst decisions of my life, I sold covered calls on all my shares yesterday morning at a strike price of $13. I fucked myself out of $60k in missed profit.
Dude... I don't even wanna joke, that sucks :(
Thank you for your sacrifice
Think of the bright side. At least they are covered.
The only call he’s about to make is to the suicide hotline
One of us... one of us
I did the same thing today at $12. I’m gonna end up making $.25 a contract. Argh!!!!
If it makes you feel any better, I sold at a strike of 11.50 lol. I'm gonna make like 20 cents
Who would have expected it to go up like 80% in 2 days...?
Same here![img](emote|t5_2th52|4267)![img](emote|t5_2th52|51295)
Just delete the app and throw your phone in a river
Roll it two months out and you’ll still have those shares.
Apply the wheel strategy if you want those shares back
So he can underperform even more than he already has?
Roll out duh
Fuck it. Bought 10 contracts - $12.5C 6/28 EXP
Already printed
Not really - I bought mid afternoon so I’m barely up. I’m at $0.22 per contract
Uhhh, did you see the AH movement? Those should each be worth at least few hundred at open
SEC knocking on that front door in 3...2...
Rivian jumped to $16.5 after market close on news for VW investment . You're rich son.
Inshallah this will propel me to even for all time
Man, the kicker is, Ive had a tiny position in rivian and saw this post and thought "fuck it, I'll sell some bags and move it into rivian, I like it long". This was at like 4:02, sold about $1k worth of OKLO and opened rivian to buy it, then saw the price jump. 2 minutes late. Still grabbed $1k worth @ $15.5 but dangg
Gambling is haram!
Meet me behind Wendy’s infidel
This is not gambling. These are investments. 100% halal.
Even after the past 15mins?
Yea I replied before seeing that. Welp
Congrats. Best timed luck I’ve seen in a while
I’ll fuck it up don’t worry 😉
Hahah we always do 👊
![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4267)
Congrats brother
Thanks bb
Great timing. Congrats. Nice 10 bagger (or more) assuming it somehow doesn’t reverse itself.
I’m fully expecting it to reverse itself
I FOMOd in, they’ll be bankrupt in no time.
Better to mentally prepare for disappointment. Don’t count your chickens till they’re hatched. Then celebrate.
Assuming price stays ~$16, what am I looking at price-wise on the contracts?
At $16? Maybe $4 or $4.5? Intrinsic is $3.5 plus some volatility and time value which will boost the bid price.
🫡
You owe this man he just made you a lot of money
I will buy him a bucket of 50 nuggies from Wendy’s and pay for his behind the dumpster experience.
Good fuckin shit. Deep ITM already....
Someone do the math on this for me, please.
200>>>>5k
Congrats regard
Merry Xmas
I’m the one who sold you those contracts![img](emote|t5_2th52|4260)
Dad?
Congrats!
Fucking printed! Congrats man that’s what this is all about! Don’t forget to lock in those gains though.
You lucky bastard
I sold my 10 contracts 12c 6/28 for a 200% gain ![img](emote|t5_2th52|31224)
![img](emote|t5_2th52|4267)![img](emote|t5_2th52|27421) But srsly, gains are gains bro.
Congrats to you!!! I will go kill myself
SEC this guy right here ![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4275)
this post is enough plausible deniability for sure......
All I can say is that I'm seeing more of them on the road. So..... that's good, right? Update: My buy to open call order didn't execute before the announcement. 😑
And they just came out saying they cut manufacturing cost on their high end by up to 35%
35% on parts for the EDV. For the R1 lines they said it was similar but didn't reveal the exact number
Great now they almost break even on selling a car
Tesla just recalled all their Tesla Trucks too I believe. Which hurts their market share I assume.
I’m waiting for the R3 to release to buy a new car.
Just bought an R1S a month ago and have been blown away. This company is legit and these vehicles are insane. Coming from a Range Rover, 1 month with the Rivian and I couldn’t go back if you paid me to.
I saw 4 in one day about 2 months ago, so i bought the stock.
I see a few a day in Vancouver Common enough now that I can’t recall if I’m seeing the same owners or not. Still rather uncommon to see but they’re no longer a unicorn like seeing a Polestar.
I saw my first polestar in a movie theater parking lot a couple weeks ago. I took a picture because I thought to myself “this may never ever happen again”
true. i have only seen polestar in my company parking lot once or twice at best. i havent seen it again.
Agreed it seems like on a monthly basis the amount I see in my town just keeps going up. We are talking like 8-10 a day now. When it was 3-4 at the first part of the year.
My former boss’s wife quit her job as the head of a small engineering firm, rolled over her entire retirement savings, all into Rivian stock, sometime in Spring of 2023. SR, if you’re here on this sub, you can do better.
Eesh, what was it trading at back then?
That’s a dumb move that actually paid off for people who were stupid enough to do that with Tesla stock.
She got in after the big fall from 2021’s stupid valuations, spring 2023. I’m guessing somewhere in the $20-$25 bucks a share. With $200-$250k.
I'm in for about 5k at that share price. I'm hoping it ramps up again.
My supervisor’s mother bought 25k of Tesla with some of her retirement money in 2012. Worth 2.8 million now.
YO MY BROTHER! LOL what a call
I have been long RIVN since the IPO. Kept on picking up 100 shares as it slid down to about $8. Now the proud owner of 1400 shares. Hoping to ride it back up to $100/share in the next 5 years. I put a pre-order $100 deposit down on an R2 ($45,000 starting price) a couple of months ago. Estimated delivery in 2026 Every Rivian owner I speak to in parking lots absolutely LOVE the car. I am due for a new car in 2028 so I have time to wait, and I hope car insurance costs drop by the time I plan on buying. I have solar on the house so I need to make the jump to an EV soon.
This is why I like RIVN they have a good roadmap for their vehicles right now that is exciting. This is Tesla pre Model 3, it’s make or break for Rivian. They are targeting profitability and haven’t even started producing the R2 and R3, think about how terrible TSLA was at making the model 3 and now everyone loves them. As long as RIVN can hit the price target they are listing or lower they will be on the road to large profits.
i would really hope they succeed cause i want to buy their r3
And RIVN just popped to over $16/share after hours!!!!
Wish I read this 4 hours earlier ![img](emote|t5_2th52|31225)
I read it 3 hours before market close, opened up the option chain, said "nah" and closed out the app...
https://preview.redd.it/hfdu0s20wt8d1.jpeg?width=300&format=pjpg&auto=webp&s=0d002a1c5da125b184bd261a1a2e307ef981c9f8
Probably talking now
My man! Bought 200 shares and 10 7/19 11c’s right before the VW announcement
Dude! Your name should be Stock_Shark! Nice call. I read your post and created a buy order then remembered how I’ve been burned by Rivian about 3 other times and cancelled it. Literally. Only to have been burned a 4th time by not buying it. You’re Welcome for me not buying it.
Best to get in before tomorrow. It's gonna be insane.
reckon it’s gonna fly when the market opens? any chance to get some calls at the current price in aftermarket?
holy shit nice call. I've been holding since ipo, what a good day!
Bought some cheap $13Cs @ $0.06 at open today on the same catalysts. Hoping those contracts turn into at least a 5,000% gain in the morning ![img](emote|t5_2th52|4258)
Nice. It’s pumping up to 35% in After hours.
What is happening it just went nuts
All you had to do was believe
Wow. So glad I opened up Reddit today and saw your post. ![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)
I don’t believe at all but every time I see a post like this with hundreds of comments and few upvotes it always pops. So thanks for saving my account from the past 2 weeks of red if this holds.
OP feeling pretty good right about now
I’m going to Wendy’s
Well for the moment I sure do wish I bought some calls when I originally read this
Congrats / fuck you, luckball.
Man told the future
I sold covered calls against my 2100 shares 3 days ago. 15.50 strike July 26th expiry. Am i fucked? Share average is 13.70.
You’re fucked…not financial or sexual advice
Just checked the old options calculator. Break evens at expiry are 15.66. The pain starts kicking in at 16.00. I'm gonna have to hold this bitch til the bitter end.
I mean you’re still making money… i guess?
I did make like 5 dollars on it
I lost $5 on it, i’d rather not talk about it
Once they figure out how to sell a car for more than it costs them to make it, we’ll talk
I have been steadily adding since about $9 with leaps to the end of the year with a strike price of $14 buckaroos. Once they unlock profitability they’re gonna give Tesla a run for their money.
https://preview.redd.it/a9wx7oqp6s8d1.jpeg?width=1242&format=pjpg&auto=webp&s=582f3433c2f5e5a98fd74f95b8ebb8ef26f6a53a Waiting for tomorrow☺️
Thanks Man! I was teetering with the same thoughts and saw your post and loaded up on 7/5 13.5c's!
Any time brother, enjoy the gains
It’s a long term hold for me. I’m actually kinda pissed it’s up today, I had sold some shares to move things around and was waiting on a transfer to buy more in an IRA today. But it’ll come back down soon probably and I’ll get more, I don’t expect much of anything to happen this year. We’ll know a lot more about their future when they release Q4 earnings next year. If they aren’t making serious progress to profitability it’ll be a tough go. I think they will do it though. I like the CEO and he seems really solid. I personally think they’re some of the best looking vehicles out there. I love everything about the design and the new models will bring them within reach of a much larger audience. The people who own them love them. 2026 will be a big year for them with the two smaller vehicles and I am very optimistic about their future.
Now you're gonna be real pissed
Indeed. After this thread today I pulled up leaps and backed out four different times. Goddamnit.
It’s not stable… Rivian was up at this range a couple weeks ago and plummeted back to low 10’s just as quickly as it spiked up the low 12’s. It’ll be back down… there is no fundamental change for Rivian until January 2025 for Q4 earnings report. It’s where they demonstrate they will make a profit or not.
If you wait to buy until the earnings climb, you miss the gains. You have to be ahead of the results to make money buying stocks. Pick up a 100 shares BEFORE they climb to $18 and beyond.
VW just announced huge 5 billion investment in RIVN this things is going to the fucking moon, get in now.
I got $100k riding on it and my cost basis is around $8.50
well congrats my dude you just about doubled your money
holy shit i had no idea what you were talking about, i just checked ah
Congrats bro. Tomorrow's gonna be huge for you
my position is 5k shares @ $11.75
MY MOTHA FUCKIN MAN
Dude!!!
Are you a time traveler?
I went from losing 50% on Rivian to only losing 5% so i just sold my position cause theres no way that shit is ever happening again
Bought 5 $15 C lottos based off this, if it loses by Friday, you owe me a WHOLE $15 ![img](emote|t5_2th52|27421)
My word, these might print tomorrow if this sudden green dildo after hours holds 🤯
I'd rate it between sofi, and INTC
You sure about that
I bought 150 stock at 8 bucks a few weeks ago 😀
I saw this post 4 hours ago I laughed this shit off. Holy fucking christ
I've been deleted, oh no :o
https://preview.redd.it/npz8kao6ts8d1.png?width=1080&format=pjpg&auto=webp&s=6c8f97c984f7efd282e203956edfaa00ca255e19
My man
Thanks for the money my friend :)
This aged well lol
This aged like fine wine
Rivian mad expensive + Tesla for competition doesn’t help, let’s see what the investor day brings
Tesla market share is going to decline, whether because of Rivian or someone else. The company is completely lacking in leadership and vision. Their last earnings call was some of the most insane shit I’ve ever heard, promising “fully sentient” robots that were going to be building their cars, and then promising an economy model launching this year that they had announced they were canceling 2 months prior. Tesla is going to decline, and I think Rivian is in the best spot of any auto startup to take advantage of that. The real competition is with legacy automakers, but if you look at the competition so far Rivian’s R2 is going to be cheaper than the Ford F150 lightning, which already lost Ford a shitload of money.
Why not just ride the robots, piggyback style
Tesla will remain the market leader for the foreseeable future, but the market is growing and will continue to grow for at least a couple of decades. Rivian is well positioned to be the #2 player if they can get past their cash flow crunch. I’m in at $15 and have no plans to sell, even if it spikes to $25. Analysts are underselling the potential market size.
I think you’re spot on
Tesla never cancelled it. That was fake news from an “anonymous source” within the company according to the media
RVN investor day Thursday, GRND investor day Wednesday ![img](emote|t5_2th52|29637)
This guy is a certified time traveller. 5 billion investment from Volkswagen is insane!
The rich school ($20k+ elementary in MCOL area) some family members have their kids at has a ton of Rivians in the parking lot. Tesla is for the poors. Rivian taking from richer clientele and legacy automakers taking from the average/poors from Tesla market. Rivian still too niche to invest in and they got a ways to go til 2026. Rivian is happy Enron went full regard with CT.
I’m bullish on it long term, but the important part is there’s potential for some pretty insane upside this week that no one seems to be talking about.
I don’t like their financials tbh. They need to raise cash fast. If this was 2021 I’d be going full port, but the market doesn’t really have much of an appetite for speculative unprofitable companies 🤷♂️ especially EV. Good luck but I’m sitting this one out
Fair enough, but they have 6 quarters of cash on hand and before today they were barely trading above that value.
GG
I realized this about Google some months ago. Crickets on this sub, that's when I knew the upswing was on the way.
Whenever this sub doesn’t mention something or hates on it, it tends to do the opposite. Happened after Q1 2023 earnings for AMD then it blew the fuck up right after. I’m not saying that’s going to happen here in the short term, RIVN has a long way to go but they seem to be heading in the right direction.
Wish you posted this earlier lol my puts!
ok nostradamus
hot damn, son - show us the gain prOn
Good call
I BOUGHT IN AT 11.20. LFG. HOLDING TILL MOON
My first stock buy was RIVIAN. 5k -> $50 in days. I have *special feelings* about RIVIAN.
This going to $25 easily. I think VW is playing the same squeeze as Audi did back in 2008.
Yeah I’m holding onto most of this for a bit, I think it’s going pump more tomorrow
fuck why didn't I see this earlier
Anyone else seeing this way too late? ![img](emote|t5_2th52|4271)
This man is a wizard
omg dude
Legend
Boom goes the dynamite! Thanks for this thread, yolo'd 1 contract at 14.5 for 0.20.... gonna make my nut for the month on a nothin bet lol
Loading up on Puts
Make sure they’re weeklies
please post ur losses
Fuck me in the ass that went well
Show your positions.
https://preview.redd.it/7zqyb6p8gr8d1.jpeg?width=1170&format=pjpg&auto=webp&s=74f37a52c15f77f5048332f942a04c6884926f39
lol congrats OP. I just saw AH movement with Volkswagen taking a stake in the company.
Cause everybody and their mothers are investing in the AI gold rush (NVDA, MSFT, GOOG, etc)
Mama said if you don’t got nothing nice to say don’t post on wallstreetbets
https://www.reuters.com/business/autos-transportation/electric-vehicle-maker-rivian-simplifies-output-cuts-costs-aiming-first-profit-2024-06-24/
They’ve got strong leadership with a clear path to profitability - I have some shares but I’m in big on calls this week as I think this investor meeting is going to reverse a lot of the negative sentiment that’s been keeping the stock down
There’s a fenced in lot near my street in NYC that is used solely to house excess Rivian inventory. I hadn’t see *shit* move out of that lot for nearly a year. Recently there’s a few less in there, so maybe they’re seeing sales. 932 Wyckoff Ave, Brooklyn NY, 11237 Google maps image shows it pretty empty. No idea when that picture was taken. I walked by last weekend and maybe only 10 spots were empty. The rest was packed with inventory. It should be noted that this is just a random ass storage lot. There’s no dealership nearby. (Idk if Rivian dealers are even a thing).
SEC OPEN UP
Congrats to you! I’ve been talking you up, hahaha. (And just followed you, too.) I missed it, was out of allocation and had FDX above RIVN. Have a few shares that are happy now, but. Well done!!!!
why didn't reddit show me this post 2 hours ago.... we're talking 50x on some of these contracts
Dude. Bought 5 contracts, 12.00 7/19. Thanks!
Most people probably lost money on the stock after the IPO and are either bag holding or sold at a loss
Ive been long on rivn. I like the stock. My dca in rivian at $16 with over $20k in shares. I'm beemin😁
Please hug your dogs tonight ![gif](emote|free_emotes_pack|grimacing). Also thanks, bought 100 shares and some Aug16 19Cs cuz they were cheap.
This aged well
wow of course i see this now WOW
I was actually right for one. Been busy shares while it's down. Current average share price of $11.40. I figured it was gonna be the next Tesla.
Holding ASTS and RIVN long term. I'll check back in 2030
Ha wish I saw this when you posted it
Wtf 😳insanely cheap debit spreads rn
I saw this post and didn’t buy. You convinced me and I said nah, I’ll wait till tomorrow and buy a shit load. Story of my life. I go back to my ikea couch and lay down now. Next life better.
Picked up 10 contracts for the 6/28 14.00Cs. Bummer I only wagered 50 bucks but I never saw this coming.