Jul 10, 2026 · 42 min · 8 segments
In the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. In this week’s episode, we discuss Rivian…
Seth WeintraubHostSo, [lip smack] working very hard to try to get to a profitable business model.
Uh, was some good news last week with the, uh, first, uh, well, slight delivery beat, increase in delivery guidance for the year.
Your main concern was, you know, uh, uh, legitimate one with, uh, uh, the, they launched the car and autonomy is part of the discussion, but doesn't have the LIDAR, doesn't have the full capability that they promised.
That's coming in the end of the year, so it might create some kind of effect of people waiting for that.
[lip smack] Nonetheless, there's plenty of people that are okay buying the car without that.
And, uh, that-- the stock m-- the stock, uh, basically increased roughly 15% since they confirmed their delivery results and production result, and that, again, that included the guidance.
Stock actually popped up, uh, to $20 a share, which, uh, hasn't been at for a while.
[chuckles] So if it reached $20, I had to sell my Rivian stock, and I was like, "Oh, damn." Popped to $20, uh, on, was it on, uh, Wednesday or day before that? So I'm like, "Oh, shit, I'm gonna have to sell my whole-- my whole Rivian stock." And then boom, they announced a $1.5 billion raise, and that, uh, [chuckles] knocked it back down quickly.
Uh, so I was able to pocket my covered calls without having to sell the shares.
So, [lip smack] working very hard to try to get to a profitable business model.
Uh, was some good news last week with the, uh, first, uh, well, slight delivery beat, increase in delivery guidance for the year.
Your main concern was, you know, uh, uh, legitimate one with, uh, uh, the, they launched the car and autonomy is part of the discussion, but doesn't have the LIDAR, doesn't have the full capability that they promised.
That's coming in the end of the year, so it might create some kind of effect of people waiting for that.
[lip smack] Nonetheless, there's plenty of people that are okay buying the car without that.
And, uh, that-- the stock m-- the stock, uh, basically increased roughly 15% since they confirmed their delivery results and production result, and that, again, that included the guidance.
Stock actually popped up, uh, to $20 a share, which, uh, hasn't been at for a while.
[chuckles] So if it reached $20, I had to sell my Rivian stock, and I was like, "Oh, damn." Popped to $20, uh, on, was it on, uh, Wednesday or day before that? So I'm like, "Oh, shit, I'm gonna have to sell my whole-- my whole Rivian stock." And then boom, they announced a $1.5 billion raise, and that, uh, [chuckles] knocked it back down quickly.
Uh, so I was able to pocket my covered calls without having to sell the shares.
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