$Rivian Automotive (RIVN.US)$ Volkswagen is putting in FIVE ...
$Rivian Automotive(RIVN.US$ Volkswagen is putting in FIVE billion dollars, not one. Absolutely insane. Today is the turning point for the company and many portfolios.
Volkswagen 灌了 $5b 刀，不是之前以为的 $1b. 真的起飞了
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TeslaSmurf : VW will pour ONE billion by the end of the year, then they MAY pour many more depending on the results…
TeslaSmurf : AND it’s not “putting” It’s 5 billion stock dilution paid by shareholders…
Good news for Rivian anyways, but +55% in the aftermarket is a tremendous overreaction.
An occasion for shorters
ZnWC TeslaSmurf : Volkswagen plans to invest up to $5 billion in Rivian, starting with an initial investment of $1 billion. The additional $4 billion is expected by 2026. It includes plans for $1 billion each in 2025 and 2026, followed by $2 billion in 2026 related to an expected joint venture to create electrical architecture and software technology
https://www.google.com/amp/s/www.cnbc.com/amp/2024/06/25/volkswagen-rivian-stake.html
TeslaSmurf ZnWC : Sure, but the real commitment, FOR NOW, is only 1 billion
In other terms: not worth +55% overreaction in the aftermarket.
I shorted it at 18,71 and 18,87 but I will take my money before the close because you never know how foolish the market can be
Tomorrow REALITY CHECK.
That said, this may well be Rivian’s salvation