$RIVN all these bulls keep citing news or making points about something that MAY come to fruition after several years during which time RIVN will be making bonfires of their cash every Q resulting in the inevitable dilution. All the while, legacy auto seems to be finally making some effort into transitioning to EVs such that by the time RIVN actually has product, there will be fierce competition. To value RIVN with only the rosiest of outcomes has wall street (IPO underwriters) laughing all the way to the bank as they unload their shares to idiot and noob investors. When you see the share price rally, know that it is wall street creating an illusion to keep irrational investors/gamblers on the hook while they sell into their self-created perception of demand.
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