What happened to RIVN fundamentally to go from 9 to 12 in 3-4days then come back to 10 in 2 days ? :-) this has nothing what what they make or lose, it’s all about short sellers covering then coming back. The problem it’s management who never burns them!
Shorts have no worry and no issue to kill this stock to the lowest possible, they know management will never team surprise them and squeeze them. Down 10% already for a report that was 10 times better than Lucid for example but the stock down as much as lucid. Unbelievable!
Yeap
Gross margin positive and clear path to high teens EBITDA and 10% free cash flow from the 215k units only! I suspect massive price manipulation. just like the Apple rumour, I have a feeling someone created it to get out of his position or trap others (mind you RIVN dropped more than 10%...