Rivian seeks IPO that would Make it More Valuable than Ford or GM

[Rocket]

As a rule, when investing in companies that loose $120,000.00 on every individual item they manufacturer, don't invest any money you can't afford to loose.

Only one EV company ever turned the corner and made a profit. And of those loosing money, none have lost money as spectacularly as Rivian.

[softailrider]

As a rule, when investing in companies that loose $120,000.00 on every individual item they manufacturer, don't invest any money you can't afford to loose.

Only one EV company ever turned the corner and made a profit. And of those loosing money, none have lost money as spectacularly as Rivian.

Good God, My nephew's FIL took delivery about a year ago after a 2 year wait...

[Richard]

As a rule, when investing in companies that loose $120,000.00 on every individual item they manufacturer, don't invest any money you can't afford to loose.

Only one EV company ever turned the corner and made a profit. And of those loosing money, none have lost money as spectacularly as Rivian.

All of this tech stuff is reminiscent of the Dot Com days,billions raised and lost on paper based on a dream.

Seems to be better returns on that actual suppliers,chips and such than the actual finished product,but there seems to be a competition to see who can produce the ugliest truck possible,there are a couple of the Tesla trucks buzzing around where I live,they look worse up close.

Really all of that stuff is like you say investing with the intent of being able to lose lots of money with no impact so it’s mostly high income speculation.

Even with the dot com phase the only small person that I know that made millions was an acquaintance that sat there all day coming up and registering porn site names to sell in the future.

He made $500 - $600k on names that cost him $9.99 to register at the time,just on one name.

Even with computers,those that got into it in the early days made bank on the sale of the already established individual products,parts and such.

Look at even locally there the guy became a billionaire off of all the other people that lost their rear ends.

Bit coin is the really strange one .