Quote Originally Posted by Baa_Baa View Post
This seems out of character for you ValueNZ, what attracts you to Rivian?

2023 10-K Sec Filing
Monthly SP down 94% from ATH

We are a growth stage company with limited operating history and a history of losses. We expect to incur significant expenses and continuing losses for the foreseeable future and may not be able to achieve or maintain profitability in the future.

We have incurred net losses since our inception, including net losses of $4.7 billion, $6.8 billion, and $5.4 billion for the years ended December 31, 2021, 2022 and 2023, respectively. We do not expect to be profitable for the foreseeable future as we continue to invest in our business, build capacity, and ramp up operations, and there is no assurance that we will ever achieve or be able to maintain profitability in the future.
This is not something that I own or intend on owning, but a $9.87 billion for a company that is growing its revenue as quickly as they are seems like it could work out.

They have a fairly strong balance sheet so they can withstand some of those losses whilst they grow revenues.

This is definitely not a sure thing, owning shares is definitely speculative, but I can definitely see why someone would hold a small amount in their portfolio at this price.