RIVN down 10%

[Greg Chick]

VERY small percent of their overall investments. Majority of institutions owning $RIVN have this stock at the very most be just 0.01% of their total. It’s like a flyer to them. If it goes belly up, they just write down that small investment.

As well, they invest to win return. The investment money in Rivian is mostly intended to be a wise profit. No, not all eggs in one R1T basket, but an opportunity. Some do it for the love of the product or ideology. I look to the long term.

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[Moodist]

Not sure if folks knew this, but this could be a reason. https://finance.yahoo.com/news/gm-ford-rivian-downgraded-wall-134016165.html