RIVIAN

[Bullitt]

RIVN announced Tuesday that prices will be increasing by roughly 20% for all customers citing rising components and materials costs—semiconductors, sheet metal, and seats. Yesterday they walked that statement back some and allowed anyone who made a "reservation" to purchase a vehicle before the announcement would not be susceptible to the 20% increase.

 

[Bullitt]

RIVN down 79% from IPO week just six months ago.

 

[Bullitt]

Ford dumped just over $400M worth of shares this past week. It's never good to see a 10% owner selling shares.