- RIVN's IPO propelled the startup manufacturer to the third most valuable automaker even as the company has minimal deliveries and next to no revenues.
- While investors in the IPO have no protection to downside in shares, early investors F and AMZN have average prices near $11 and can withstand volatility.
- RIVN expects to take up to two years to fill out its order backlog in the R1S and R1T, while AMZN has exclusivity until 2025 for the EDV.
- Widening losses and massive capex can burn through cash rather quickly over the next few years as Rivian scales.
For further details see:
Rivian: Avoiding At These Levels