DomB
Well-known member
- Joined
- Aug 25, 2020
Hey!
I think that fact you referred to is a little bit off - last time I checked they were the third or fourth largest; behind Tesla, Toyota, VW. But, your general point stands. To answer your question, no it does not bother me that Rivian has a large market cap and has produced around 700 trucks and is far from profit. But I recognize I am taking early adopter risk. I like that risk better than I like what I view as the alternative risks, described below.
It doesn't bother me as a customer. I have a refundable 1,000 deposit, so I don't have a lot of money at risk in the grand scheme of things. Yes, I take risk that they could be a Nikola, but facts suggest they won't be. They are owned 18% by Amazon. If they screw up, Amazon will just buy them. I don't like Amazon, but there will be a company out there. Of course I take early adopter risk, but I just don't want an ICE, and third row suv would be a nice convenience. Not sure how old you are, but I think my observation over time makes climate change pretty clear over time to me (yes, that is non scientific, but that is what science says, too). Unless you live in West Virginia, buying an EV is a much, much cleaner route over life of vehicle than ICE. We can debate it, but I have looked into the facts and believe I am correct that going this route is better overall. I am not a raging green (or at least not overtly). Its just that I have kids, I see my local micro climate as drastically different in the past 35 years of my memory, and I really would like to do what I can in reason to leave a planet to my grandkids or their kids that could literally be like living in hell. Yeah that's a dramatization, but if there is going to be an EV product that meets my wants, and not every last dollar matters to me, I am going to support that.
It doesn't bother me that much as a capitalist. I did not participate in pre-IPO shares that Rivian made available to pre-order holders like me (though looks like I would have a paper gain of tens of thousands) because of a work restriction on owning pubcos. The market appears to be drawing the conclusion that they are more like Ford in 190- whatever competing against profitable horse buggy manufacturers. The valuation is a reflection in belief in a certain outcome in the future. It will be right or wrong. I indirectly own Rivian (I think) through ownership of Vanguard's total stock market index, which is how I purchase any US equity I have any interest in. That's fine with me. I don't try to bet on the winners - I just bet on the market over time.
Getting solar doesn't really make financial sense for me right now. But the next time I have enough cash outside of my normal financial planning I will probably throw up some solar on my garage and then my transportation will end up being like 95% clean (we will have a second ICE car but it is driven like 2,000 miles a year). I have other posts that get into the dirty part of mfg EVs so I won't get into that. The answer is EVs are less worse at 18 mos, and then from 66% to infinitely cleaner depending on how you charge, with the exception of West Virginia.
I think that fact you referred to is a little bit off - last time I checked they were the third or fourth largest; behind Tesla, Toyota, VW. But, your general point stands. To answer your question, no it does not bother me that Rivian has a large market cap and has produced around 700 trucks and is far from profit. But I recognize I am taking early adopter risk. I like that risk better than I like what I view as the alternative risks, described below.
It doesn't bother me as a customer. I have a refundable 1,000 deposit, so I don't have a lot of money at risk in the grand scheme of things. Yes, I take risk that they could be a Nikola, but facts suggest they won't be. They are owned 18% by Amazon. If they screw up, Amazon will just buy them. I don't like Amazon, but there will be a company out there. Of course I take early adopter risk, but I just don't want an ICE, and third row suv would be a nice convenience. Not sure how old you are, but I think my observation over time makes climate change pretty clear over time to me (yes, that is non scientific, but that is what science says, too). Unless you live in West Virginia, buying an EV is a much, much cleaner route over life of vehicle than ICE. We can debate it, but I have looked into the facts and believe I am correct that going this route is better overall. I am not a raging green (or at least not overtly). Its just that I have kids, I see my local micro climate as drastically different in the past 35 years of my memory, and I really would like to do what I can in reason to leave a planet to my grandkids or their kids that could literally be like living in hell. Yeah that's a dramatization, but if there is going to be an EV product that meets my wants, and not every last dollar matters to me, I am going to support that.
It doesn't bother me that much as a capitalist. I did not participate in pre-IPO shares that Rivian made available to pre-order holders like me (though looks like I would have a paper gain of tens of thousands) because of a work restriction on owning pubcos. The market appears to be drawing the conclusion that they are more like Ford in 190- whatever competing against profitable horse buggy manufacturers. The valuation is a reflection in belief in a certain outcome in the future. It will be right or wrong. I indirectly own Rivian (I think) through ownership of Vanguard's total stock market index, which is how I purchase any US equity I have any interest in. That's fine with me. I don't try to bet on the winners - I just bet on the market over time.
Getting solar doesn't really make financial sense for me right now. But the next time I have enough cash outside of my normal financial planning I will probably throw up some solar on my garage and then my transportation will end up being like 95% clean (we will have a second ICE car but it is driven like 2,000 miles a year). I have other posts that get into the dirty part of mfg EVs so I won't get into that. The answer is EVs are less worse at 18 mos, and then from 66% to infinitely cleaner depending on how you charge, with the exception of West Virginia.
