optionfarmers

Rivian the next 100 bagger stock or money pit?

NASDAQ:RIVN   Rivian Automotive
Buy low and sell high, simple as that right? I wish it was. Charts alone dont show the whole picture.

Rivian has a math problem. They are a sales grower, but they burn cash until they dont.
They are burning 1.5 ish billion a quarter and have 8 billion ish left from IPO.
Price to tangible book is now below 1.00 showing investor losing faith.
Comment:
Comment:
as money is getting more expensive, and banks needed bailouts in last week, looks like investors are discounting lower the stock.

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