Rivian Automotive - PUT/SHORT Opportunity
Love the design aesthetic of these vehicles, but sales have been slow and the loss per vehicle is staggering. There only hope is being bought out by another company? In order to get to that point, the price needs to drop much lower sub $5.00 for someone to even consider buying them out for their design. Earnings coming up here shortly on Tuesday for this company. Tesla took a huge market share this last quarter, and I don't see how Rivian can even compete at this point. Bullish for Tesla, Bear for Rivian.
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