END prediction - market is above yellow TL. Most likely it was a bull trap.
michalskoda
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I'm a fan of RIVN, I like their cars, but I only follow the technical analysis on the chart. 👍🏻 The future will show us 🤓
Morawka
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$8 would leave Rivian with a 7.6 Billion dollar market cap with current dillution, they have much more cash on hand than that (12.1B, not to mention PPE and net negative total debt. The brand, employee's, and IP are worth something too. This stock is heavily undervalued as it is. Every other automaker is sitting on piles of debt, but not RIVN