Rivian shares soar 30% after Volkswagen takes $1 billion stake

    https://www.cnbc.com/2024/06/25/volkswagen-rivian-stake.html

    Posted by batyrshah

    26 Comments

    1. GingerGuerrilla on

      The real joke is that the stock is still down compared to six months ago.

    2. Low_Mulberry_3386 on

      Guys do you think that tomorrow will be massive with this stock ?
      This is a big news

    3. LukesLoveStick on

      And I just got out of this shit a month ago because it was flatlining ![img](emote|t5_2th52|27421)![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4271)

    4. catgoesmeow22 on

      I saw a post before close asking why WSB wasn’t talking about RIV. Didn’t realize it was secretly insider trading advice. ![img](emote|t5_2th52|4260)

    5. Productpusher on

      Even with the VW money what’s their plan to make cheaper cars that people actually want

    6. admiral_corgi on

      Lol I sold some puts last week at $10, they get assigned (at a loss for me), then I hold the RIVN shares over the weekend and now I’m up 50% 😂.

      Wild, dumb luck

    7. I think they’re feeling a bit more confident after Biden shut the door on BYD.

    8. Will be even bigger for RIV if they can start using VW service centers for RIV vehicles. Let’s RIV focus on selling and not infrastructure.

    9. More paper money to burn 🔥 on this cash burning 🔥 loser company

    10. mountain-guy on

      Interesting if true. Because VW also owns Scout which is about to launch a couple off road EVs.

    11. Why can I comment on every post but can’t load comments on daily discussion. wtf.

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