Soros fund doubles down on Rivian bet, buys stakes in Lucid, Nio [Yahoo! Finance News]
Rivian Automotive, Inc. (RIVN)
Company Research
Source: Yahoo! Finance News
Billionaire George Soros’s investment fund has doubled down on its bet on Rivian Automotive Inc. and taken new positions on EV makers Nio Inc. and Lucid Motors Inc., according to a filing late Friday.As disclosed in February, Soros’s fund had bought nearly 20 million shares of Rivian, worth about $2 billion at the time.The investment has not paid off amid steep declines for Rivian shares this year, but the fund bought another 6 million shares in the period ended March 31, theFriday filingThat brings the fund’s stake to about 25.9 million shares, worth about $693 million. Rivian shares have lost about 74% this year, compared with losses of around 16% for the S&P 500 index., See also:Rivian has been a ‘train wreck,’ but could be turning a cornerShares of Rivian fell 0.2% in the extended session Friday, after ending the regular trading day up more than 9%.Rivian earlier this week posted a wider-than-expected first-quarter loss and revenue that also disappointed Wall Stre
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RIVN
News
- Funding The Future: The Investment Potential Of Today's Climate Tech [Forbes]Forbes
- You can buy this electric luxury SUV for $25,000 right now. But there might be a catch [Yahoo! Finance]Yahoo! Finance
- You can buy this electric luxury SUV for $25,000 right now. But there might be a catch [CNN]CNN
- BUZZ Investing: U.S. Markets Climb Amid Crypto Rally [Seeking Alpha]Seeking Alpha
- Rivian Automotive (RIVN) Declines More Than Market: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
RIVN
Earnings
- 2/21/24 - Beat
RIVN
Sec Filings
- 3/12/24 - Form 4
- 3/12/24 - Form 4
- 3/11/24 - Form 144
- RIVN's page on the SEC website