RJ buys the dip and picks up $1M of Rivian stock

[DJG]

I think it's very simple. A man with means put down a $1m bet on a stock that he believes is undervalued and provides an attractive risk/reward proposition. Everyone can take from that what they want, but it's not a gimmick, or marketing, or meant to provide price support.

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[RayzorBEV]

To be fair, he owns nearly 25m shares and added 41k or roughly 0.2%— this is immaterial to him, but he’s trying to reassure and positively signal the market…

Being a shareholder, R1T owner with a R1S coming, I'm reassured by his action : )

 

[swhme]

I am a bit surprised he has $1M in cash. His salary must have been fairly substantial for awhile. I figure these startup CEOs have nearly their entire net worth in stocks.

Secondary stock sales. Generally, founders of venture-backed companies will sell small chunks of their position along the way as they raise funding once you get past a $250mm or so valuation. I bet he’s taken at least $50mm off the table at this point, that would be VERY normal for a company at this stage

 

[Johny]

I'm a little ahead of the curve and bought the dip months ago.

 

[stynes]

I'm a little ahead of the curve and bought the dip months ago.

You and me both. I bought between $32-34 and felt good about that. And long term, still feel good about it. But yeah, would have been nice to buy $10 less than that.

 

[Sgt Beavis]

So far, today's been a good day.

 

[Pherdnut]

IMO, it's a pretty easy stock to go long in and just view every dip as a new discount. No point in sweating unrealized gains/losses before it adds a decimal point in 2-3 years.

 

[swhme]

IMO, it's a pretty easy stock to go long in and just view every dip as a new discount. No point in sweating unrealized gains/losses before it adds a decimal point in 2-3 years.

Yep, it's a pretty binary outcome. Either Sandy Munro is right and the new Big 3 American car companies are Tesla, Rivian and Ford, or they go bankrupt. And since we're here buying the trucks, I'm guessing we're all believing it'll be option 1.

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