Rivian stock

[GFB]

I thought you have to buy it directly at MSRP but the resale market is marked up crazy.

 

[Buckeye Mike]

I thought you have to buy it directly at MSRP but the resale market is marked up crazy.

Yea. I’m not sure what the market adjustment comment was. You have to buy direct from rivian. No dealerships at this point. Amazon owns an 18% stake with orders for 100,000 delivery vans by 2030. I’ve been buying rivian shares. 5 years from now folks will wish they had bought in at this price. IMO

 

[GFB]

Yea. I’m not sure what the market adjustment comment was. You have to buy direct from rivian. No dealerships at this point. Amazon owns an 18% stake with orders for 100,000 delivery vans by 2030. I’ve been buying rivian shares. 5 years from now folks will wish they had bought in at this price. IMO

I think they’ll go near bankrupt and get bought out or they will go to the moon. No idea which is more likely.

 

[lostchild]

I’ll wait to buy in on the dip after the first round of lawsuits due to battery fires.

 

[Torn]

Being trendy is always expensive.

A fool and his money are soon parted. The 2023 recession and massive layoffs will bankrupt a lot of these companies and especially their suppliers.

 

[lostchild]

A fool and his money are soon parted. The 2023 recession and massive layoffs will bankrupt a lot of these companies and especially their suppliers.

It will probably bankrupt a lot of us who get caught in the backwash.

 

[jaxyaks]

Some of them are already bankrupt and they just don't know it, or won't admit it yet..

 

[Buckeye Mike]

A fool and his money are soon parted. The 2023 recession and massive layoffs will bankrupt a lot of these companies and especially their suppliers.

Lol. I’ve been hearing this crap for 2 1/2 years now. First it was the pandemic was going to crash the economy. Then it was run away home prices. Now it’s “high” interest rates.

 

[lostchild]

Lol. I’ve been hearing this crap for 2 1/2 years now. First it was the pandemic was going to crash the economy. Then it was run away home prices. Now it’s “high” interest rates.

Joe Biden FTW

 

[Torn]

Lol. I’ve been hearing this crap for 2 1/2 years now. First it was the pandemic was going to crash the economy. Then it was run away home prices. Now it’s “high” interest rates.

False unemployment numbers put out by the BLS and DOL along with skyrocketing credit card debit, rising interest rates directly affecting small business as well as the slow down in housing and the automotive industry will push it over the edge. If you were around in the late 70’s better known as the Carter Days you will remember that when interest rates go up housing markets go down and the automotive industry begin massive layoffs. The suppliers to these industries are directly impacted and the trickle down becomes a raging river.