$Rivian Automotive, Inc.(RIVN)$  

just scored a victory after the EV maker disclosed that Volkswagen would invest up to $5 billion in a new joint venture. News of fresh capital allays concerns over Rivian’s cash flow to support the launches of its next-generation vehicles, the R2 and R3 mass-market SUVs. This sent its stock price soaring over 37% during the pre-market trading hours today.

However, until Rivian is able to demonstrate profitability, I think that the stock price has run ahead of its fundamentals amidst softening demands for EV, and would adopt a more cautious view and refrain from FOMO.

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  • SiongZ
    ·06-27
    Great news for RIVN with the Volkswagen investment
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