Rivian Automotive (RIVN)

options He owns the calls and they have been painful. Still owns them but they're unsellable.

He's out of most of his puts. This is a nightmare story. He expects Rivian to eventually succeed, but thinks Rivian succeeds with another partner.

It's still expensive, but it's now near some semblance of normalcy in price-to-sales. Expect a move to $54-55.

He's still long on this. Management screwed up on pricing. He's nervous because this company has no earnings, but the upside is more likely.

Valuations in the EV space are stratospheric. He'd steer well clear. Fundamental demand is undeniable. Too much valuation risk, as a result of too much capital chasing too few outlets. For those stocks you have your heart set on, watch and wait for a pullback.

It won't be the next Tesla, just an unsexy truck-maker. Look at GM.

It introduced the R1T today and will report Q3 on Thursday He owns Rivian calls and happy to. As this stock has come back, his calls have done nicely. He hopes to hang onto this for a while. he also owns calls in Tesla and Fisker--he believes in EV. You need to watch this sector in coming years.

Allan Tong’s Discover Picks Rivian symbolizes this current round of EV speculation. Since it went public less than two weeks ago, RIVN stock has already soared to $179.47 and plunged to $111.78 as of this writing. Everybody wanted a piece of the next Tesla. To be fair, maybe Rivian will live up to that status one day. After all, Amazon and Ford own nearly a third of RIVN and have ordered around 100,000 e-vans from Rivian. And it's not just e-vans, but e-SUV's and pick-up trucks that Rivian will be pumping out. Don't write off Rivian, but don't dive into this free-for-all and lose your shirt. Read 4 Popular Headline Stocks for our full analysis.

Shocking how quickly it exploded to a market cap beyond the traditional automaker space. Another example of speculative euphoria chasing hot ideas. Last year it was Zoom and Peleton. He's not interested. Great way to take the temperature of the market. Shows how speculative the market is.

Does this EV rally have staying power or is this like 1999? Tesla is driving this rally and everyone wants to own the next Tesla. You're betting on the momentum of these nascent EV stocks, years away from turning a profit, like Lucid. Remember that online Amazon was one of the few tech stocks from 1999 that survived and thrived. Suppose Tesla will be on the only survivor? Will Rivian? Remember to take profits on these nascent EV stocks--remember, hogs get slaughtered (out of greed). Sell half.

IPO's are flooding the market. There's so much garbage among them but occasionally there's an enticing one including this year, Rivian Autos, that'll go public on Wednesday. It makes e-trucks. It'll be the 6th or 7th largest IPO in history.

IPO's are flooding the market. There's so much garbage among them but occasionally there's an enticing one including this year, Rivian Autos, that'll go public on Wednesday. It makes e-trucks. It'll be the 6th or 7th largest IPO in history. They enjoy heavy backing from Amazon and Ford, owning 19% (and have ordered an impressive 100,000 e-vans), and 12% respectively. Ford plans to launch e-pick-up trucks and e-vans in 2021, which will directly compete with Rivian; this is interesting. Will Ford sell its stake in Rivian to build its own factory for batteries? Rivian is ramping up production in pick-up trucks, and e-SUVs are coming next month. Down the line is an e-delivery van, making 10 of them by end-2021. There are 55,400 retail orders for the pick-ups and SUVs, and will fill the current backlog by 2023. He predicts shares will soar as investors ignore the crazy valuation, just like they are with Tesla. However, he'd rather buy Ford in the e-car space.