Rivian reported results that came out well, and you can see the business is growing nicely. The stock is reacting positively and is currently up 21% in the premarket. $RIVN is definitely a volatile stock and I don't have any money invested, but what they're doing is very interesting and in some areas they're much better than $TSLA.
Does anyone here invest in $RIVN?
Nice surge. I’d see it as an opportunity to short it, but I’m not going to get in.
I'm curious what they're doing better.
I can't quite figure out what that is.
Rivian is better mainly in practicality and because it’s really built for off‑road, for trips, camping and regular everyday use. It feels more rugged and has cleverly designed storage spaces. Tesla is more about technology, software and minimalism. That’s also why a lot of Americans prefer Rivian — it just fits their lifestyle better.
