I'm trying to like RIVN. I think now is not the right timing. Ford CEO saying he will sell their 12% stake after Lock Up period is over, production issues seeming to get worse throughout 2022. Two neighbors of mine were part of the 71,000 pre-orders. Both said in a group text yesterday they cancelled after getting the email RIVN sent out about delivery being pushed to mid-2023. My guess is that 60% or more of those 71,000 pre-orders end up canceling. Those are not sales and they are fully refundable to the (non) buyer.

I think the hype got into this one. I like buying in early 2023 when the price reflects the value around $40  $Rivian Automotive, Inc.(RIVN)$