Let’s be clear: Both $RIVN and $TSLA have been disasters for investors over the past year and especially since we added $RIVN to our portfolio last July. Until this week both $RIVN and $TSLA were doing equally bad although $TSLA has cost us far more in negative attribution than RIVN since we added RIVN to the portfolio last July. We certainly blame no one but ourselves for getting the research wrong on both names.
We didn’t mean to imply Elon’s comments about RIVN were to blame for RIVN being down 35% this week - it was the flat RIVN FY’24 production guidance that caused the RIVN stock plunge. Elon added fuel to the fire by raising the specter of bankruptcy when in our view bankruptcy risks are very low. We agree odds are high that RIVN will again have to raise new capital in the next two years to launch its R2 line but that’s not the investment controversy.
@hpmoves2
Hi Holly!
This is David from Laurel Hardware Saturday. Great meeting you. My you are a very sweet, terrific person!
Since, I am a new kid in town, really like to get drinks/dinner sometime...Love to hear your Dallas Cowboy Cheerleader days, and career.
~David