Keep buying Rivian stock

It’s trading for around $15 p/s. Rivian loses money on every car they sell and runs at $1B cash burn per quarter. Tragic numbers. So why would VW throw them $5 billion? Rash decision made over a business lunch? There seems to be some synergy here. VW has been desperate to enter the EV markert market for years, they have failed to make it happen internally. They especially want access to the software technology in EV’s. Rivian needs a sales/service infrastructure. The two companies don’t compete with each other. Rivian announced plans to build another production plant in Georgia to expand their vehicle lineup. This cash infusion, ie they claim, will allow them to do that.

This is good for the future of the EV sector , Tesla got a nice pop today. Competition is always good and Tesla needs someone to push them. The EV market is still nascent and only makes up about 10% of overall car sales. Lots of room to grow. How long did it take for ICE cars to replace 10% of the horse and buggy population. People fought the change from the horse and buggy to automobiles too. 😂

Article from 1930.

“I began to be pointed out as “the fool who is fiddling with a buggy that will run without being hitched to a horse.”

As silly as people that argue agsinst EV’s. Forward thinking Vision is rare in most people. Thank goodness for the Marshall School of Business at the University of Southern California. Where I learned to think.

www.saturdayeveningpost.com

The inventor who claimed the first U.S. car ever sold recalls the birth of the industry and the general public skepticism about automobiles.

‘Electricity will always be cheaper than gasoline’

(Laughs at you in SDG&E rates)

‘and a car that never needs servicing and has fewer moving parts to break will always be easier to maintain’

You swap oil changes for tire replacements. BEV’s are still going to require repairs (suspension, AC, brakes, etc.) ICE’s eventually wear out, yes, but electric motors wear out too. Then the coup de grace, the battery turns into a toxic boat anchor after 50k miles.

Finally, there are not enough hard seltzer drinking, vuori-wearing, cross-fit douchebags to support a ‘truck’ that posts a 3sec 0-60 so they can slumpbust at javier’s post-haste.

Not busting chops my man, just relating my experience

lol. Right on dude. It would be boring if we all thought the same. I appreciate the civility and I respect your opinion. I have had my Tesla six years, 57,187 miles I’m on my 2nd set of tires. Michelins I bought at Costco. I had to replace the 12v battery at a cost of $122.00 bucks. Tesla came to my house and did it. That is the extent of the repairs I have needed in 6 years. The one pedal driving feature will probably make my brakes last a lot longer. Oh I replaced the air filter, $32 bucks. I rarely punch it, maybe if I’m in the pole position at a stoplight. So far all the battery health checks are coming in good. The gas vs electricity cost comparison for me is clear which one costs more. On top of that, it is the most fun car I have ever owned. 🫡

57K over 6 years is fine if you have an EV. Those are the people that should buy them. It's the ones that rack up 25-30K a year that need to stick with gas. EV's are perfect for shopping trips to Sprouts or to get a shirt from Brandy Melville, but if you are a road warrior they are not a good idea.

Maybe. But not in Tesla. ChargePoint or rivian. I’ve taken a bath in that entire sector