Oh look it’s my portfolio!
this post was submitted on 13 Sep 2023
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Funny to see Rivian on here. It's valid. But their IPO was just bonkers.
In this case the loss isn't an indicator of failure, just an adjustment of valuation. They've got half a decade of cash on hand (thanks to their bonkers IPO, lol), and they'll be cashflow positive, and even profitable, well before then. 5head move there.
Poor Palm. "At least we managed to manufacture and sell several actual products!"
LMAO at Rivian. Tesla will be way worse.
Rivian was at a stultifying valuation. Just beyond belief.
I own a few shares of rivian, can't wait to own one of their vehicles some day.