I disagree, the core competence of Rivian is its tech and its business model ( like Tesla) with no middle man for example. 25% gross margin and 10% free cash flow if achieved is not a car manufacturer, let’s say they are in between high tech and car manufacturers
If that’s the reason the stock should rebound shortly, no fund or big shareholder would liquidate because of twist ford did. That’s not a huge fundamental reason to create panic
I am not kidding , that’s why I said the fed should be on it (if indeed there is some news to be released). I worked in hedge funds and what you are saying is not true, trading on insider information is jail time and only idiots gamble on doing that (individuals do but not institutions).
Have not any but given the brutality of the sell off something is up:
Capital raise ?
Something gone wrong with the shutdown ?
Amazon cutting orders or shares ?
Who knows but surely bad
No news seems good enough anymore, the stock still trading around $10.5 while all this happened:
- R2 release major success
- surprise with steering R2 production earlier
- Surprise R3 and R3X
- Surprise $2.3mn in cost savings
- beating Q1 production and deliveries
Nope it’s called good business sense! Rivian does not need cash for the next 2yrs minimum and it’s stupid of them to raise money at high rates now, they have the option to wait and they should exercise this option.
No need to raise money now and it’s a smart decision!
Rates will go down this year and coming years, and when that happens investors will be on risk mode and will invest/lend money at cheaper rates even for unprofitable compagnies (but with potential).
It does feel like the most hated EV stock for some reason, strange and I hope these short sellers will pay and get burned soon!!
In 3 days we lost all the gains from R2 , R3 reveal and 2.25bn cost saving.