It maybe better to watch Rivian from the sides for now (09Mar22)

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Rivian $RIVN earnings will be announced in one day. The company may not have much to show on top of the delay in production. They have costings issues and made a mess recently when they were forced to retract their "price increase".  This implies that the production cost could be much higher than initially anticipated.

With a lesser than forecast production, it would mean more costs and less revenue - loss may be higher than expected and thus, a price slide looks to be possible.  



Rivian sliding since Nov 2021

From the 1 Day chart above, we are not seeing any "brake" or reversal on the downtrend as yet.


Till Rivian gets into profitability or breakeven, less than satisfactory earnings and guidance will have immense pressure on price.  EV plays a big role as the world transits into a more sustainable future and Rivian definitely has a part to play.  Personally, I would observe the developments on the side.  For me, it is not a time to be an investor (as yet) and I would choose to be a "spectator" for now.

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