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OT: Stock trading

Hope you got in on Rivian RIVN at it's open. Prolly the next Tesla
Who knows what "the next Tesla" will mean within a few years, but won't be surprised to see post-IPO Rivian to drop off some within a few weeks. Hope not too much for early investors and their initial butt fugly vehicles. Meanwhile, own microscopic speck of RIVN via AMZN and F.
 
Who knows what "the next Tesla" will mean within a few years, but won't be surprised to see post-IPO Rivian to drop off some within a few weeks. Hope not too much for early investors and their initial butt fugly vehicles. Meanwhile, own microscopic speck of RIVN via AMZN and F.


It's not a bad looking vehicle, but the EV space will be crowded soon. And the policies being put forward by the current Administration will favor Union made vehicles. So FSR, Lucid and Rivian will be facing a headwind which will make it tough to scale.
 
Hope you got in on Rivian RIVN at it's open. Prolly the next Tesla
Ehh, Its valuation is ridiculous. I hate chasing recent IPOs. I have Tesla, NIO and Lucid in the EV space. The Lucid cars are beautiful and the battery range is over 500 miles. If they can eventually produce cars the average person can afford, I think they’ll be a big winner.
 
Ehh, Its valuation is ridiculous. I hate chasing recent IPOs. I have Tesla, NIO and Lucid in the EV space. The Lucid cars are beautiful and the battery range is over 500 miles. If they can eventually produce cars the average person can afford, I think they’ll be a big winner.

They're valued at close to 80 billion, and produce like 1200 cars a year. Is that the company I'm thinking of? Just seems ridiculous at this point.
 
UH no, Rivian will never be anything even close to Tesla. Tesla is so many more things besides EV's.

I agree that Tesla is more diverse, but with Bezo's backing you, you have to belive that they will be a part of Amazon's long term strategy of autonomous delivery distribution chain.

I purchased as much as I could. Moving on to building crypto assests
 
Speaking of Tesla, I was listening to Cathie Wood speaking via Zoom at Schwab’s Impact event a couple of weeks ago and she was saying she thinks that autonomous transportation is going to be huge over the next 10 years. At the moment, the shiny penny is EVs but 90% of traffic accidents are caused by human error and once the government really puts focus on that, autonomous vehicles will be the next to take off. And that being said, Tesla is so far ahead of every other company in autonomous car testing that there really isn’t much of a competition.
 
Speaking of Tesla, I was listening to Cathie Wood speaking via Zoom at Schwab’s Impact event a couple of weeks ago and she was saying she thinks that autonomous transportation is going to be huge over the next 10 years. At the moment, the shiny penny is EVs but 90% of traffic accidents are caused by human error and once the government really puts focus on that, autonomous vehicles will be the next to take off. And that being said, Tesla is so far ahead of every other company in autonomous car testing that there really isn’t much of a competition.

The govt should be more concerned with making work from home more universal to have less people on the road and less driving in general.

That’s a good start.

Plus, who is paying when the machine/AI makes an error? Why would I pay when I wasn’t driving?
 
 
Speaking of Tesla, I was listening to Cathie Wood speaking via Zoom at Schwab’s Impact event a couple of weeks ago and she was saying she thinks that autonomous transportation is going to be huge over the next 10 years. At the moment, the shiny penny is EVs but 90% of traffic accidents are caused by human error and once the government really puts focus on that, autonomous vehicles will be the next to take off. And that being said, Tesla is so far ahead of every other company in autonomous car testing that there really isn’t much of a competition.

Cathy's Ark fund has poorly timed some investments, she purchased HOOD right before they broke news on a customer hack.
 
I agree that Tesla is more diverse, but with Bezo's backing you, you have to belive that they will be a part of Amazon's long term strategy of autonomous delivery distribution chain.

I purchased as much as I could. Moving on to building crypto assests

no doubt Rivian has a good future.
 
no doubt Rivian has a good future.
until Richard Hammond crashes one of their cars.

I am not in on EVs. I’d be in on EV infrastructure perhaps. The big car companies have major advantages. The new infrastructure bill shuts out nin union shops for example.
 
until Richard Hammond crashes one of their cars.

I am not in on EVs. I’d be in on EV infrastructure perhaps. The big car companies have major advantages. The new infrastructure bill shuts out nin union shops for example.

Not only that but they can also see the mistakes places like Tesla make and use their inherent advantages to seize the opportunity.

Plus the car market is just a high competition low margin business
 
JNJ spins off consumer goods. Prob due to the huge lawsuits?

Yup. Sacrifice one at the altar to the save the other
 
Speaking of which, this commercial gives me a pit in my stomach every time I see it. I don't see myself ever being comfortable with autonomous driving; I've had a car with an auto park feature for a couple years now and I've still never even tried it:


I'll never understand it, driving is one of the truly fun things in life. This commercial is like something out of a horror movie.
 
Not only that but they can also see the mistakes places like Tesla make and use their inherent advantages to seize the opportunity.

Plus the car market is just a high competition low margin business
our infrastructure can't handle the change the ESG movement wants to happen. I've also listened to podcasts and read threads saying the autonomous driving isn't possible right now or at least what Tesla claims.

Side note: the ESG is going to be devasting as they move to completely destroy traditional energy
 
$CCJ

Has anyone looked into Metal Royalty Companies? Really interesting
 
I'll never understand it, driving is one of the truly fun things in life. This commercial is like something out of a horror movie.
One of the scenes looked like they were going over the old Tappan Zee Bridge in which case a computer malfunction would be the least of their worries.
 
I'll never understand it, driving is one of the truly fun things in life. This commercial is like something out of a horror movie.
I couldn't agree more. I love driving, and I still miss driving a stick. The more engaged the better imo. This is exactly the opposite.

But we are increasingly dinosaurs; the vast majority of my kids' generation has very little interest in driving.
 

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