Uploaded June 2024 | Updated September 2026, 2 hours ago
Rivian is selling a big chunk of its company to VW at super low prices. $10.8359 to be exact, or about 1/8 of the company's IPO price almost 3 years ago. Now that the details have emerged of the deal, it doesn't look as strong for Rivian. Clearly they are being forced to dilute heavily to get enough cash for survival. Initially shares soared on this news, but with this out it'll be interesting to see the trading tomorrow. Overall I think its still good Rivian has $1B more in cash and a new partner, but the dilution will be material and more than expected.
Rivian 8-K SEC Filing announcing VW partnership and $1B investment: sec.gov/ix?doc=/Archives/edgar/data/0001874178/000119312524167944/d833726d8k.htm
My initial video reacting to this news: youtube.com/watch?v=xLrKi4rLhG8
My X: twitter.com/gfilche
HyperChange Patreon :) patreon.com/hyperchange
Disclaimer: I'm not a financial advisor, and own no Rivian stock. This show isn't financial advice.
Rivian is selling a big chunk of its company to VW at super low prices. $10.8359 to be exact, or about 1/8 of the company's IPO price almost 3 years ago. Now that the details have emerged of the deal, it doesn't look as strong for Rivian. Clearly they are being forced to dilute heavily to get enough cash for survival. Initially shares soared on this news, but with this out it'll be interesting to see the trading tomorrow. Overall I think its still good Rivian has $1B more in cash and a new partner, but the dilution will be material and more than expected.
Rivian 8-K SEC Filing announcing VW partnership and $1B investment: sec.gov/ix?doc=/Archives/edgar/data/0001874178/000119312524167944/d833726d8k.htm
My initial video reacting to this news: youtube.com/watch?v=xLrKi4rLhG8
My X: twitter.com/gfilche
HyperChange Patreon :) patreon.com/hyperchange
Disclaimer: I'm not a financial advisor, and own no Rivian stock. This show isn't financial advice.
![Tesla Robotaxi Ride at Night 🌃⚡ [RAW FOOTAGE]](https://i.ytimg.com/vi/sIv6hMlfq8k/mqdefault.jpg "Tesla Robotaxi Ride at Night 🌃⚡ [RAW FOOTAGE]
First Tesla Robotaxi at night. Had to squeeze in a final Robotaxi ride before the service closed at midnight. It was about 11PM so I called this Robotaxi (only 6 mins away) to come drive me a few blocks, and it was perfect! Very seamless and the service worked perfectly at night. This may have been the worlds shortest Robotaxi ride to date! Just about a quarter mile!
My X: https://twitter.com/gfilche
HyperChange Patreon :) https://www.patreon.com/hyperchange")
