RIVN emergency

2022-05-21

RIVN has their share lockup expiry on May 8th. No EV stock has survived the bloodbath of a lockup expiry.$Rivian Automotive, Inc.(RIVN)$

Today Ford and Amazon had awful earnings due to their holdings and how they accounted for them. Ford is no longer planning to work with RIVN in any capacity and based on the CEO’s comment today, it is highly likely they are dumping. If they hold, they will face a similar sized loss next quarter because only half of RIVN’s dump was in this quarter that was reported. Amazon will face a very similar sized loss next quarter if they hold RIVN. AMZN is now using Stellantis for electric trucks as well.

Both have a cost basis in the $10-18 range so May 8th is the time to sell and turn these reported losses into a reported profit for next earnings.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

HockyRolly
2022-05-22
HockyRolly
logical analysis.
I feel rvian might be a buy in the $9 ranging
lawteoh777
2022-05-21
lawteoh777
rivn is good
- eo1668:
  how good?. have not sell car
Ksken
2022-05-22
Ksken
👍
- Michael8208:
  [Great]
phongy 45
2022-05-21
phongy 45
awesome
KYLeong
2022-05-21
KYLeong
Support
xavjy
2022-05-21
xavjy
ok

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