Rivian call vs Lucid call is like day and night. I honestly think the stock is targeted by some lobbies (maybe trump and Saudis )?
Claire was amazing with numbers and path to profitability!
Why do they release such news during the day ? Shouldn’t this be before or after trading hour to catch short sellers by surprise. Still can’t understand if management does think about stock price and capital markets!
Even reaffirming guidance and positive margin won’t move the needle, they need some kind of surprise to shift the sentiment from negative to positive. Now, any bad announcement like delaying positive margin would literally mean GAME OVER for shareholders and probably the company !
Exactly! Not sure if this is market manipulation (shorts) or holders getting out of their position. I bet if it was Rivian that reported and went up 12%, then all other EVs would have been up the same if not more (including Tesla ?)
I agree Elon has a history of being too optimistic, but I am just saying the market had already priced in the bad quarter and was looking to the future.
Good thing for RIVN is him saying investing in hybrid or halting production is not the right strategy!