silvrsvt Posted May 9, 2022 Share Posted May 9, 2022 https://www.caranddriver.com/news/a39944267/rivian-stock-ford-sells-8-million-shares/?src=socialflowFBCAD&utm_medium=social-media&utm_campaign=socialflowFBCD&utm_source=facebook&fbclid=IwAR0vHbZ_VDbhJsp22EjnKa-346MPQdP1j3b0qvrWZ0YmCs6mGAtNseyCudA Quote Link to comment Share on other sites More sharing options...
7Mary3 Posted May 9, 2022 Share Posted May 9, 2022 Timing is evrything...... Quote Link to comment Share on other sites More sharing options...
DeluxeStang Posted May 9, 2022 Share Posted May 9, 2022 With Rivian shares at an all time low, I can't decide if now is the time to buy, or if I should wait for them to keep dropping. Don't see the stock getting too much cheaper than it is currently. 1 Quote Link to comment Share on other sites More sharing options...
silvrsvt Posted May 9, 2022 Author Share Posted May 9, 2022 1 hour ago, DeluxeStang said: With Rivian shares at an all time low, I can't decide if now is the time to buy, or if I should wait for them to keep dropping. Don't see the stock getting too much cheaper than it is currently. Looking at my Ford and Amazon stock and in profilo in general...I wonder if we have hit the bottom yet or if the market will keep tanking. Quote Link to comment Share on other sites More sharing options...
atomcat68 Posted May 9, 2022 Share Posted May 9, 2022 8 million dollars isn't much. Are you sure it isn't 8 million shares? 1 Quote Link to comment Share on other sites More sharing options...
blazerdude20 Posted May 9, 2022 Share Posted May 9, 2022 37 minutes ago, atomcat68 said: 8 million dollars isn't much. Are you sure it isn't 8 million shares? Correct. They sold 8 million shares. Value was about $24/ share This morning. About $192 million worth. 1 Quote Link to comment Share on other sites More sharing options...
fuzzymoomoo Posted May 9, 2022 Share Posted May 9, 2022 2 hours ago, silvrsvt said: Looking at my Ford and Amazon stock and in profilo in general...I wonder if we have hit the bottom yet or if the market will keep tanking. I've read and heard a lot of comparisons being made to 07-08 ? Quote Link to comment Share on other sites More sharing options...
rmc523 Posted May 9, 2022 Share Posted May 9, 2022 3 hours ago, silvrsvt said: Looking at my Ford and Amazon stock and in profilo in general...I wonder if we have hit the bottom yet or if the market will keep tanking. If we had a crystal ball, I'd have sold a bit ago when things were higher. Held off, and buy low again......alas hindsight is always 20/20 1 Quote Link to comment Share on other sites More sharing options...
silvrsvt Posted May 10, 2022 Author Share Posted May 10, 2022 13 hours ago, fuzzymoomoo said: I've read and heard a lot of comparisons being made to 07-08 ? 12 hours ago, rmc523 said: If we had a crystal ball, I'd have sold a bit ago when things were higher. Held off, and buy low again......alas hindsight is always 20/20 Yeah I'm not sweating it too much, I still have at least another 15 years or so before I can even considering retiring... Quote Link to comment Share on other sites More sharing options...
fuzzymoomoo Posted May 10, 2022 Share Posted May 10, 2022 49 minutes ago, silvrsvt said: Yeah I'm not sweating it too much, I still have at least another 15 years or so before I can even considering retiring... I probably have about 25 Quote Link to comment Share on other sites More sharing options...
akirby Posted May 10, 2022 Share Posted May 10, 2022 33 minutes ago, fuzzymoomoo said: I probably have about 25 33.5 months but who’s counting? 2 2 Quote Link to comment Share on other sites More sharing options...
fuzzymoomoo Posted May 10, 2022 Share Posted May 10, 2022 29 minutes ago, akirby said: 33.5 months but who’s counting? 1 Quote Link to comment Share on other sites More sharing options...
CurtisH Posted May 10, 2022 Share Posted May 10, 2022 41 minutes ago, akirby said: 33.5 months but who’s counting? Technically, I’m retired now but I’m working part time. Another 12 months and I’ll “probably’ retire for good. Quote Link to comment Share on other sites More sharing options...
akirby Posted May 10, 2022 Share Posted May 10, 2022 36 minutes ago, CurtisH said: Technically, I’m retired now but I’m working part time. Another 12 months and I’ll “probably’ retire for good. I do woodworking now so I’ll be building and selling cutting boards, small furniture, etc. but I don’t consider that work…… 1 Quote Link to comment Share on other sites More sharing options...
Tico Posted May 10, 2022 Share Posted May 10, 2022 It looks like Rivian's future is questionable. Other large investors are bailing also. This seems mostly unrelated to overall market trends and more related to Rivian finally admitting real numbers for forecast deliveries and revenue this year. Quote Link to comment Share on other sites More sharing options...
blazerdude20 Posted May 10, 2022 Share Posted May 10, 2022 2 hours ago, Tico said: It looks like Rivian's future is questionable. Other large investors are bailing also. This seems mostly unrelated to overall market trends and more related to Rivian finally admitting real numbers for forecast deliveries and revenue this year. It’s too bad. They had some nice features and developments for the standard truck. Maybe other manufacturers will incorporate them in future offerings. Quote Link to comment Share on other sites More sharing options...
rmc523 Posted May 11, 2022 Share Posted May 11, 2022 I've seen a couple of them around, they do look like a good product from the outside. Quote Link to comment Share on other sites More sharing options...
FordBuyer Posted May 11, 2022 Share Posted May 11, 2022 12 hours ago, rmc523 said: I've seen a couple of them around, they do look like a good product from the outside. Rivian reports today after market closes. So we will learn more about how production is going. With Amazon ordering 100,000 Rivian vans, I would Rivian will somehow stay in business if it can somehow increase production as year continues. 1 Quote Link to comment Share on other sites More sharing options...
jpd80 Posted May 11, 2022 Share Posted May 11, 2022 4 hours ago, FordBuyer said: Rivian reports today after market closes. So we will learn more about how production is going. With Amazon ordering 100,000 Rivian vans, I would Rivian will somehow stay in business if it can somehow increase production as year continues. You watch, Ford will keeps selling down stock, hopefully make a small profit and then once it has no interest in Rivian, the stock will take off again. Quote Link to comment Share on other sites More sharing options...
rperez817 Posted May 11, 2022 Share Posted May 11, 2022 5 hours ago, FordBuyer said: Rivian reports today after market closes. So we will learn more about how production is going. With Amazon ordering 100,000 Rivian vans, I would Rivian will somehow stay in business if it can somehow increase production as year continues. Rivian is in good shape. Highlights from Q1 2022 Shareholder letter shown below. Rivian-Q1-2022-Shareholder-Letter.pdf Quote Link to comment Share on other sites More sharing options...
7Mary3 Posted May 11, 2022 Share Posted May 11, 2022 Brand new BrightDrop Zevo 600's were spotted at an Amazon facility in Michigan. I am taking that as a bad sign for Rivian. Quote Link to comment Share on other sites More sharing options...
silvrsvt Posted May 11, 2022 Author Share Posted May 11, 2022 23 minutes ago, 7Mary3 said: Brand new BrightDrop Zevo 600's were spotted at an Amazon facility in Michigan. I am taking that as a bad sign for Rivian. Amazon uses alot of trucks-they had a bunch of Dodge trucks that have seemed to disappear from my area, replaced by Fords Quote Link to comment Share on other sites More sharing options...
j2sys Posted May 11, 2022 Share Posted May 11, 2022 1 hour ago, 7Mary3 said: Brand new BrightDrop Zevo 600's were spotted at an Amazon facility in Michigan. I am taking that as a bad sign for Rivian. Amazon has already made it clear that they are not putting all of their proverbial eggs in one proverbial EV parcel truck basket. They don't intend to be exclusive with Rivian. Could even see some E-Transits in their fleet at some point (they already use ICE Transits). Quote Link to comment Share on other sites More sharing options...
FordBuyer Posted May 11, 2022 Share Posted May 11, 2022 1 hour ago, silvrsvt said: Amazon uses alot of trucks-they had a bunch of Dodge trucks that have seemed to disappear from my area, replaced by Fords Every Amazon truck that comes into my area is a Transit and there are a lot of them. Everyone around here including my wife is addicted to Amazon. Waiting to see the first EV Transit in action. Quote Link to comment Share on other sites More sharing options...
ice-capades Posted May 14, 2022 Share Posted May 14, 2022 (edited) Friday, May 13th - Ford Sells More Shares of EV Maker Rivian The sale reduces the shares Ford holds to 86.9 million Ford sold 7 million shares for about $188.2 million, or $26.88 apiece, according to a regulatory filing on Friday. https://www.foxbusiness.com/markets/ford-sells-more-shares-ev-maker-rivian Edited May 14, 2022 by ice-capades Additional Content Quote Link to comment Share on other sites More sharing options...
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