RIVN down 10%

[UnsungZero_OldTimeAdMan]

Probably more to do with BYD launching their first pickup truck in Mexico and people see the handwriting on the wall...' Canda and US next.

https://www.byd.com/us/news-list/BYD-Launches-its-First-Pickup-Truck-BYD-SHARK-in-Mexico.html

That's a stretch. Canada followed US on tariffs against Chinese cars. Auto union jobs are just as important to Canada as it is for the US. Until those Chinese car companies build factories in NA, which takes a lot of capital and time (not to mention time needed from production trials to ramp), it's going to be more than several years for us to see Chinese cars in the NA market. Nowhere soon enough to excuse a one day dip in stocks.

Just another case of traders being lemmings. Both S&P500 and NASDAQ are down. Chalk this blip up to be just like any other, meaningless daily fluctuations.

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[ShadowFx]

It’s a very a bad look. Even with a divorce you can divide shares without selling. You’d only sell to buy someone out of a house and houses aren’t that expensive, relatively. His trading plan is a pessimistic one.

Totally agree.

 

[DuoRivians]

The most likely reason is that there was no good reason for the sell off. Technically, $rivn breached a descending triangle support line and 100dma. So that could have triggered a big sell off.

It’s not related to RJ’s selling. He’s exercising options and liquidating them. These sells represent less than 0.01% of his holdings.

1,008,273,640 shares is still how many RJ has.

 

[CharonPDX]

I didn't see any negative news on Rivian this week, anyone know why the stock is down 10% today?

It's Friday after a whole-market rally. Shit drops.

 

[Biturbowned]

I bought kind of heavy today, we’ll see

 

[IrishNole]

I bought kind of heavy today, we’ll see

Yea time to buy more unless you are looking super short term

 

[Jonger1150]

Even the Model S volume is so low it's almost irrelevant compared to the Y and 3.

The R1 line is Rivian's S.

 

[kayabusa]

I have a very simple answer to the 10% drop today.

If a company is not profitable but has a lot of popularity, unfortunate their stock becomes a meme stock.... is not longer an investment instrument.

(We all know how does a meme stock behaves ..... from $55 to $190 then to $8..... to $20..... to $11.... etc etc.)

Until the company makes a profit and is sustainable, we are going to see more meme stock action.

BTW, all the stock gain by the VW JV announcement was erased overnight......... I wonder if that deal is went down since VW is having troubles......

 

[1T2022]

maybe Amazon is selling?
I just bought [email protected]

 

[dfx]

The most likely reason is that there was no good reason for the sell off. Technically, $rivn breached a descending triangle support line and 100dma. So that could have triggered a big sell off.

It’s not related to RJ’s selling. He’s exercising options and liquidating them. These sells represent less than 0.01% of his holdings.

1,008,273,640 shares is still how many RJ has.

Actually that's the company's entire float, RJ has a small fraction of the float, I don't think that he has ownership of even 5% of the company

 

[DuoRivians]

Actually that's the company's entire float, RJ has a small fraction of the float, I don't think that he has ownership of even 5% of the company

You’re right. My bad. RJ has 12,624,247 shares + options now.

https://www.sec.gov/Archives/edgar/...8024040542/xslF345X05/wk-form4_1726521656.xml

So 83,333 represents 0.6% of his holdings.

 

[DCFC]

You’re right. My bad. RJ has 12,624,247 shares + options now.

https://www.sec.gov/Archives/edgar/...8024040542/xslF345X05/wk-form4_1726521656.xml

So 83,333 represents 0.6% of his holdings.

Say he was granted 800,000 shares annual in RSU which is worth roughly $10 million (much less than GM and Ford CEOs pulling in. I recall Mary B is around $30 million annual total compensation). A quarter of that would be 200,000 shares. 83,333 is just over 40%, so that would cover his taxes on the RSU.

 

[BrayBay]

Not that it's anyone's business. Isn't he going through a divorce? Could be the reason.

Wait, what? I shouldn't ask because that his personal life and all, but it seemed like all was well since his family was in lots of social media posts.

 

[Hillbilly]

Probably more to do with BYD launching their first pickup truck in Mexico and people see the handwriting on the wall...' Canda and US next.

https://www.byd.com/us/news-list/BYD-Launches-its-First-Pickup-Truck-BYD-SHARK-in-Mexico.html

Thanks for the morning chuckle.

 

[daeHelkcunK]

I bought kind of heavy today, we’ll see

Same. This is a buying opportunity.

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