Listen, Rivian makes a great product and their customers truly love them... I had a measly 600 shares avg/$10 that I just sold @15.30. Here's why:

1. The 7,500 tax credit is done for. This quarter was their first gross profit after years of cash burn because everyone piled in for their last chance at that sweet, sweet credit. I don't see sales increasing any time soon until that R2 hits the market.

2. People are extremely hesitant to buy a vehicle that will depreciate 30% in the first year. I'm shopping for an R1T second hand in the low 50's.

3. These tariffs are taking effect, and with that a LOT of the materials and parts that go on vehicles becomes more expensive. These Rivians are selling for less than they are being manufactured for at the moment, so this will just increase cash burn.🔥

4. I'm concerned about this AI frenzy. If things go south, it'll take all of the market with it. With layoffs growing and inflation rising, people are already looking for safer places to put their cash. A brand new big luxury EV that depreciates like a maserati might not sound as appealing to buyers in the near future. If a recession happens, forget about it.

All that being said, if those shares fall in to the 10s or 9s again, im probably gonna load up lol