[CJH]

The WSJ article I read said the Rivian factory is only running at about 10% so far........yikes.

While not the most opportune time to sell, it provides $$ for their own EV ramp up while simultaneously decreasing a "paper" loss (see their Q1 results).

 

[CJH]

Like Musk said, making stuff is difficult. What was the name of that firm that bought GM's Ohio plant that wanted to make a pick up truck?

Yeah, arguably the toughest, most capital intensive business to get into.

What I don't get is "why sell" in general (everyone, not Ford). Sure, they are having start up problems now, but does anyone doubt that they'll figure it out? I have zero doubts that they will iron out their issues.

They are still making money on it, so who knows. Wouldn't be surprised if they want to keep minimizing their exposure to the volatility when having to report their own results. Plus more cash is good.

Bad time for the lock-up to expire................

Ooof. And if they start selling too many shares they could push it down even further.....