If you missed Tesla at 108 a few weeks back. You may have another chance with Rivian. It has only climbed 16% from the all time lows compared to Tesla's 49%.
It is really the beginning of RIVN revenue growth as deliveries only began last September. That is a 100% growth rate for the next 2 quarters. With consistent minimum of 500M revenue a quarter. Earning reports has a greater chance for upside surprises especially on the revenue.
I do realize they lose a lot of money too. Last quarter was 1.7B in losses. I believe they have enough cash on the balance sheet around 14B to survive well into 2023. Even smaller losses on earnings day would send this stock higher!
Just a reminder Rivian IPO price was $78 the night before and closed at $100 on its first trading day. Trading today at $18 is a very deep discount relative to itself in 2021. It is also at a discount in growth rate compared to high flyer Tesla.
If you have the stomach for this one. It is a great alternative to Tesla in the EV space. I wouldn't even go near other EVs. Rivian has the brand that it won't go bankrupt like someone definitely will come in to finance it. Your risk reward ratio here is great at $18/ 16B Market Cap/ 2B TTM revenue.
As always, Good Luck with all your bets!
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