@Porwest 9 November 2021 more from that month

It is not often that I get excited about an upcoming IPO, but the Rivian one is one I will definitely be onboard with when it IPOs sometime this week, according to reports. What appeals to me is the 12% investment by Ford and the 20% investment by Amazon, the latter of which already has several delivery vehicles on order. The other thing is that I tend to believe that Rivian will have more value long term than the mighty Tesla. Why? In part because there are two types of vehicles that dominate the auto market right now. Trucks and SUVs, and Rivian has both. Tesla primarily sells sedans, which are falling out of favor, and the SUV Tesla does sell is nothing short of disappointing. My plan will be to buy into the IPO and hold Rivian as a long term position, with no intention of taking any profits early on should there be any.