Long-Term Buy Recommendation on Rivian

about 1 month ago

Speaker

"But I think Rivian, there's a report out today that the savings in the chip that they actually designed pays for the LAR on the car. They're still losing money on every car that they sell, but I do think that Rivian has the opportunity to actually outpace Tesla. I should have been buying at this uh $16. It's now at $17.90. I'm looking for an entry on this one and I want the entry to be a good one because I do plan on holding that one for over a year."

The speaker recommends initiating a position in Rivian, citing that despite current losses on each sale, the company's chip savings could allow it to outpace Tesla. The speaker regrets not entering at $16, noting the price is now $17.90, and emphasizes a long-term hold of over a year.

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