A man named Elon Musk, who makes cars that run on electricity instead of gasoline, talked about another company called Rivian. Rivian also makes electric cars but is having a hard time making enough cars and people are not buying them as much. So, the price of Rivian's shares went down a lot. Elon Musk thinks making prototypes is easy, but making many cars for everyone is very difficult. A man named Black also likes Tesla cars made by Elon Musk and believes they will be even better in the future, but he has less money in Tesla now because he thinks it might not do as well soon. Read from source...
- The article title is misleading, as it implies that Elon Musk reacts to a reminder of Rivian's prediction, while in reality, he does not directly mention or comment on Rivian's prediction.
- The article focuses too much on Rivian's struggles and Tesla's shortcomings, without providing a balanced view of both companies' strengths, achievements, and future prospects. It seems to have a negative bias against Tesla and an unrealistic expectation for Rivian.
- The article uses outdated or irrelevant data, such as the bankruptcies of fellow EV startups, to support its argument that Rivian is in trouble. It fails to acknowledge the recent developments and positive news from Rivian, such as increasing production rates, expanding delivery network, and securing new orders from major customers like Amazon and Rent-A-Car.
- The article relies on unnamed sources or experts without providing any credible evidence or analysis to back up their claims. It also uses vague terms like "significant losses" and "cash flow concerns" without quantifying them or comparing them to industry standards or rivals' performance.
- The article contradicts itself by stating that Tesla is facing near-term challenges, while also implying that it has no long-term prospects. It also dismisses Black's bullishness on Tesla as a personal opinion, without acknowledging his track record or expertise in the EV sector.
Given the current market conditions and the challenges faced by Rivian as an electric vehicle startup, I would not advise investing in Rivian at this time. The stock has been on a downward trend since its initial peak of around $179 shortly after the IPO and is currently trading at an all-time low. Additionally, production ramp-up difficulties, losses per vehicle produced, and supply chain issues have contributed to Rivian's struggles in the EV market. While there is potential for growth in the long term, the risks associated with investing in a startup like Rivian are too high at this stage of its development.
Instead, I would recommend considering Tesla as an alternative investment option. Although Tesla's near-term prospects may not be as strong due to factors such as rising interest rates and supply chain issues, the company has a proven track record in the EV industry and is known for its innovation and technological advancements. Moreover, Black's Future Fund remains bullish on Tesla's long-term prospects, anticipating significant developments in self-driving technology and the launch of a more affordable electric vehicle model. Therefore, investing in Tesla may be a better option for those looking to capitalize on the growth potential of the EV market while mitering some of the risks associated with Rivian's current challenges.