Rivian and Lucid - Page 28

SCA · 08-24-2022, 01:13 PM

Quote:

Originally Posted by dan

Their initial stake was 12% and is "currently" 9.7%. They had to disclose their ownership stake in their July earnings report

but yes, they could have sold it all since then

True…. My search came up with approx 5%. In the grand scheme of things Ford’s $820M is peanuts given Rivian had $35-38B when the IPO hit, which all pre-holders were offered a max of 175 shares at $78 a share. I purchased the max.

Edit: Ford originally had $1.2B invested.

SCA · 08-24-2022, 01:21 PM

Here we go…

Ford CFO John Lawler Says Stake In Rivian Is Worth $2 Billion - https://fordauthority.com/2022/08/fo...rth-2-billion/

Dated August 3, 2022

SCA · 08-26-2022, 09:03 AM

Final countdown on the R1T. Ends today at 2:30 EST. Fingers crossed!

wdc330i · 08-26-2022, 09:08 AM

Quote:

Originally Posted by SCA

Final countdown on the R1T. Ends today at 2:30 EST. Fingers crossed!

Good luck!

SARAFIL · 08-26-2022, 09:17 AM

Has been stuck at that $92k bid for a few days now. Seems like that number still nets you some $$ but hoping you get some more activity today. Haven’t been watching market on these closely - know they were crazy for the first wave, not sure if market has started to cool yet.

SCA · 08-26-2022, 09:29 AM

Quote:

Originally Posted by SARAFIL

Has been stuck at that $92k bid for a few days now. Seems like that number still nets you some $$ but hoping you get some more activity today. Haven’t been watching market on these closely - know they were crazy for the first wave, not sure if market has started to cool yet.

It should increase towards the end. At least I hope it does! The R1T bubble has nut burst yet, but it is definitely leaking. The days of pulling $130k+ are over with. Even $105-110k seems to have dwindled. Hopefully the exterior color will draw some attention given that it is the first one to hit an auction site. Another Red Canyon hit bring BaT this week.

Rivian had an unannounced price increase last week. My build is just under $98k now. Crazy!

SCA · 08-26-2022, 07:02 PM

Sold! I lowered the reserve 30 minutes prior to closing. The winner is paying $99,100. Cars & Bids is putting forth $2900 for the reserve of $102k.

wdc330i · 08-26-2022, 07:11 PM

Quote:

Originally Posted by SCA

Sold! I lowered the reserve 30 minutes prior to closing. The winner is paying $99,100. Cars & Bids is putting forth $2900 for the reserve of $102k.

Excellent! Now what are you going to buy?

Alan · 08-26-2022, 10:19 PM

Quote:

Originally Posted by SCA

Sold! I lowered the reserve 30 minutes prior to closing. The winner is paying $99,100. Cars & Bids is putting forth $2900 for the reserve of $102k.

Awesome !!! So happy for you !!

SCA · 08-26-2022, 11:21 PM

Quote:

Originally Posted by wdc330i

Excellent! Now what are you going to buy?

Nothing… this was a planned flip.

08-26-2022, 09:17 AM	#275
SARAFIL I like BMWs Join Date: Oct 2003 Carmudgeonly Ride: X5 M50 / M550 Location: Boston, MA Posts: 5,795	Has been stuck at that $92k bid for a few days now. Seems like that number still nets you some $$ but hoping you get some more activity today. Haven’t been watching market on these closely - know they were crazy for the first wave, not sure if market has started to cool yet. __________________ 2020 X5 M50i -- Alpine White / Coffee Leather 2020 M550i -- Carbon Black / Beige Leather

08-24-2022, 01:21 PM	#272
SCA Jaded Join Date: Oct 2003 Posts: 9,102	Here we go… Ford CFO John Lawler Says Stake In Rivian Is Worth $2 Billion - https://fordauthority.com/2022/08/fo...rth-2-billion/ Dated August 3, 2022

08-26-2022, 09:03 AM	#273
SCA Jaded Join Date: Oct 2003 Posts: 9,102	Final countdown on the R1T. Ends today at 2:30 EST. Fingers crossed!

08-26-2022, 07:02 PM	#277
SCA Jaded Join Date: Oct 2003 Posts: 9,102	Sold! I lowered the reserve 30 minutes prior to closing. The winner is paying $99,100. Cars & Bids is putting forth $2900 for the reserve of $102k.