AJ Wow

Rivian got a huge amount of execution risk in 2024 but somehow nobody appears to really care.

To even get to the abysmal guided numbers Rivian has to execute on a picture perfect suppliers transition, re-ramp and absolutely nothing significant (but there always is one) can show…

Guess this didn’t age well. Rivian stock dropped below $9.0 billion, a stock which Gary had bought even for $70B market capitalisation. 🥴

Small typo above in the subheading. I removed last minute the quarterly change line which made the second part of the subheading superfluous and I forgot to remove it. I thought that showing the % change wouldn’t really add anything.

I expect Rivian to generate negative free cash flow (cash burn) of $4.2 billion in 2024 based on Rivian's 2024 guidance around (inter alia):
1. 57,000 deliveries
2. $1,750 million capex guidance
3. $2,700 million negative EBITDA

I'll post next week my detailed model with…

Rivian just dropped for the first time in its history below a $9.0 billion market value 😬

Tesla is holding up quite well today thus far given the benchmark index is down 0.70% while Tesla is down only 0.93%. Tesla's beta implied move should be around -1.90%.

Rivian is dropping to all-time lows intraday. We may see for the first time a market value below $9 billion. I'll provide an in-depth analysis soon (I hope) but the dropping market value creates an interesting situation: the lower the market value, the greater the dilution from…

Ended, the Jag Wars have.

AJ Peter G the fact that alarm bells didn’t go off when a ‘Wall Street Guy’ started asking for subscription pennies is kind of odd, innit

Scott Walter, PhD Stefan Littauer I am not a charlatan. Anything I say is backed up by data unless it's a clear opinion. I don't deal in opinions. I am surprised that you guys still lump me together with all the B/S artists out there.
x.com/StefanLittauer…

We’ll get tonnes of stories like this one this year! It’s simply the result from the large user base expansion. Mainstream media of course won’t cover those stories or buries them on page one hundred.

FSD V12 helped owner get to the hospital when he needed immediate medical attention

Gary believes talking to the mirror or other underperforming fund managers represents a relevant data point 🤦‍♂️

Interesting, a former NIO mouthpiece posted this after his (un?)-voluntary departure from NIO.