Simply because an investment in Rivian is extremely aggressive and full of risk. The company recently acknowledged it will have to absorb rising raw material costs, and it had to scale back its near-term production plans due to supply chain shortages. The execution risk is real, and there is also a real chance the company could fail. Not this year but certainly next.
Better to cut my losses now, than hold and lose everything over the next few quarters. See you all at $35 a share by Friday.$Rivian Automotive, Inc.(RIVN)$
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K
Nice