Rivian is currently in a bull trend I believe. I like seeing the last few months of bullish momentum and I am excited to see what the fall might bring for this stock. In the video, I discuss some key important things to pay attention in terms of public news shared by the company's CEO
Rivian is still a young company trying to prove its model can make a profit. They have a pile of cash and along way until they can break even in their business model.
Tangible book is all tangible assets minus liabilities. Tangible meaning physical and cash like assets but not including intangible like brands and patents.
Tangible assets may also be a better...
Not really a RIVN trader but this has been on my watchlist for some time.
Thought I would share my thoughts and what I am seeing.
Please note I am not a RIVN expert! Not advice!!
Safe trades everyone!
Buy low and sell high, simple as that right? I wish it was. Charts alone dont show the whole picture.
Rivian has a math problem. They are a sales grower, but they burn cash until they dont.
They are burning 1.5 ish billion a quarter and have 8 billion ish left from IPO.
Price to tangible book is now below 1.00 showing investor losing faith.
