Why did the stock jump so much today?

[Christopher1000]

Why did the stock jump so much today?

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[sincladk]

Probably because of the announcement discussed in the immediately previous thread in this forum: https://www.rivianforums.com/forum/...tment-upped-to-5-8-billion-nov-12-2024.36028/

 

[Lars24]

https://riviantrackr.com/news/with-wassym-at-the-helm-rivian-and-vw-gear-up-for-next-gen-evs/

 

[Redline]

Why did the stock jump so much today?

You live under a rock fam?

 

[UnsungZero_OldTimeAdMan]

If you care about the stock at all, maybe care to follow news? Even a quick look at the stock would have given you some related headlines.

Regardless, these reactionary fluctuations don’t mean much. It will fall and jump many times more over news that are real and fake. The real action won’t happen until R2 ramp.

 

[Christopher1000]

We already knew about the jv

 

[Christopher1000]

Btw many ppl have a really bad attitude on this site. The rivian community should be a lot friendlier to each other. If you don’t have anything nice to say, don’t say it.

 

[UnsungZero_OldTimeAdMan]

We already knew about the jv

Then 1+1=I better ask?

And some people can’t seem to help themselves to simple answers, and can’t handle responses they don’t like.

 

[mkg3]

Because VW increased the JV value by $800m and provided more details on how and where they are implementing the JV products into VW and Audi.

The VW stock is down as a result.

 

[Redline]

Btw many ppl have a really bad attitude on this site. The rivian community should be a lot friendlier to each other. If you don’t have anything nice to say, don’t say it.

People are just having some fun at your expense. Come on now

 

[Moodist]

Essentially VW upped the ante, leading indicator that valuation of Rivian is more than what they original thought or perhaps folks are reading into that. If VW thinks they should put in 16% more, I guess that indicates the stock is worth more?

 

[Erik+]

It did it just for me, because I bought after last big drop, then now I can sell with a decent gain...

 

[Christopher1000]

First there are a lot of people on here who are obviously just shorting Rivian and are not very nice... I mentioned this before but these people ruin a forum like this which should be for Rivian owners and perspective owners.

Given that I think this big jump is a shorting play because we already knew about this jv thing, the original investment by Volkswagen and this additional are not guaranteed, and Volkswagen isn't performing well that's days.

 

[Donald Stanfield]

Btw many ppl have a really bad attitude on this site. The rivian community should be a lot friendlier to each other. If you don’t have anything nice to say, don’t say it.

Ever hear the phrase that starts with ask a stupid question?

 

[Hillbilly]

Everybody seems so chippy lately.

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