Interview with Mary Barra

[Charley Lillard]

Originally Posted by JoeC

Electric-truck maker Rivian

Shares of Rivian Automotive Inc (RIVN.O) surged as much as 53% in its Nasdaq debut on Wednesday, giving the Amazon-backed electric vehicle maker a market valuation of more than $100 billion after the world's biggest initial public offering this year.

That made Rivian the second most valuable U.S. automaker after Tesla Inc (TSLA.O), which is worth $1.06 trillion. Despite just having started selling vehicles and having little revenue to report, Rivian ranked ahead of General Motors Co (GM.N) at $86.05 billion, Ford Motor Co (F.N) at $77.37 billion, and Lucid Group (LCID.O) at $65.96 billion.

I ordered a Rivian truck months ago and test drove one Wednesday. Nice truck built in Illinois. Because I ordered one I was offered to buy up to 175 shares of their stock before it went public. Bought 175 shares for 13,650.00. As of today it's worth 21,523.00. I think a big reason for the confidence in the stock is the fact that Amazon is heavily invested in them plus they ordered 100,000 electric delivery vehicles from them.

[Charley Lillard]

…….

[Crush]

Originally Posted by Charley Lillard

I ordered a Rivian truck months ago and test drove one Wednesday. Nice truck built in Illinois. Because I ordered one I was offered to buy up to 175 shares of their stock before it went public. Bought 175 shares for 13,650.00. As of today it's worth 21,523.00. I think a big reason for the confidence in the stock is the fact that Amazon is heavily invested in them plus they ordered 100,000 electric delivery vehicles from them.

Ford is also an owner, although they may sell their position (8b) to fund their battery plant. They are a direct competitor.
Looks like a cool truck

[Tenney]

Originally Posted by Crush

Ford is also an owner, although they may sell their position (8b) to fund their battery plant. They are a direct competitor.
Looks like a cool truck

Or, if successful, acquire the brand ...?

[Lee Stewart]

Originally Posted by Tenney

Or, if successful, acquire the brand ...?

Rivian is too big for Ford to acquire. Now at $138B Market Cap (net worth). Ford has a Market Cap of $78B

[markinnaples]

Originally Posted by Charley Lillard

I ordered a Rivian truck months ago and test drove one Wednesday. Nice truck built in Illinois. Because I ordered one I was offered to buy up to 175 shares of their stock before it went public. Bought 175 shares for 13,650.00. As of today it's worth 21,523.00. I think a big reason for the confidence in the stock is the fact that Amazon is heavily invested in them plus they ordered 100,000 electric delivery vehicles from them.

Have you gotten your truck yet Charley? Any idea when it will be in if not?
Watched a review of one earlier this week and then the guy took it out off roading and it did pretty well (Doug DeMuro on Youtube).

[Charley Lillard]

They emailed me and I think it said between May-June.

[mssl72]

I saw a white Rivian pickup on my way home 2 nights ago. The first thing I saw was the headlights. It stuck out since the headlights are so different. I didn't recognize what it was until I passed it and got a better look.