Submitted by OliveInvestor t3_11dg9k5 in wallstreetbets
Meat__Head t1_jaasgvp wrote
Reply to comment by johnnyfaceoff in Stocks on losing streak - Retail earnings - VIX calls highest since March 2020 by OliveInvestor
Rivian has bled a lot lately. But when you go to their Facebook page, they are manufacturing 24/7, as hard as they can go to meet their production goal. And I live in small city like 7 states away from their manufacturing plant, yet I see their trucks on the roadways more and more over the past several months. There is obviously a demand for these trucks and I'm thinking that their earnings may be bullish as well. And with Ford retaining a 12% stake in them and Amazon owning 27%, they have some strong companies believing in them.
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