URGENT: Rivian Stock ALERT

URGENT: Tesla ALERT

Sponsored

Tesla just keeps blasting HIGHER. It's why this trader is now convinced we're at the BEGINNING of another epic rally. He first called Tesla at $37… and now he's predicting another explosive run. Go here to see what he's telling everyone to do right now. If you wait until tomorrow, it might be too late.


Shares of Rivian (RIVN) stock are in focus after U.S. District Judge Josephine Staton stated that the company is liable to face a lawsuit alleging that it defrauded investors during and after its initial public offering (IPO) relating to the prices of its R1S SUV and R1T pickup truck. The lawsuit adds that Rivian hid the fact that it underpriced its vehicles, which led to a price hike. Swedish pension fund Sjunde AP-Fonden is the leading plaintiff in the proposed class action lawsuit.

Staton stated that shareholders could try to prove that Rivian knew in advance that it would have to raise prices due to surging material losses, which in turn would cut losses for the unprofitable electric vehicle (EV) company. RIVN stock fell by 39% 10 days after Rivian hiked prices on March 1. The price of the R1S increased to $84,500 from $70,000, while the R1T increased to $79,500 from $67,500. Shortly after the announcement, CEO R.J. Scaringe stated that anyone who pre-ordered a vehicle before March 1 would still be eligible for the previous, cheaper price, admitting to customers that “we broke your trust.”

RIVN Stock: Rivian Will Now Face a Shareholder Lawsuit

“The inference that Rivian senior executives knew that the (bill of materials) cost for each R1 EV exceeded its retail price by approximately $40,000 leading up to the IPO is far more plausible than the inference that those executives were in the dark about the issue,” said Staton. Rivian spokesperson Harry Porter declined to comment per a Reuters request.

Still, shareholders seem to be shaking off the news, as RIVN is in the green today. In fact, shares are up by over 50% during the past month on the heels of a positive production and delivery announcement. Rivian announced that it had produced 13,992 vehicles and delivered 12,640 of them during Q2, beating analyst estimates on both fronts. Production was up by 218% year-over-year (YOY), while deliveries were up by 183% YOY. Year-to-date, Rivian has now produced 23,387 vehicles and delivered 20,586 of them. These numbers are in-line with Rivian’s previously announced production guidance of 50,000 vehicles. Shareholders will likely receive more details when Rivian reports its earnings on Aug. 8 after the market close.


Man Predicts “Elon's Endgame”

Sponsored

On October 18th, shortly after 4:30pm ET… One man predicts Elon Musk is going to make an announcement that could shock everybody. He's convinced it'll involve a surprising pivot to this critical $23 trillion market… A market bigger than space, cars, and social media… COMBINED! This is the man who called Tesla at $37 a share… Before the stock soared as much as eleven-times. Now according to this man, this move could send Tesla and these 5 tiny “silent partners” soaring… Giving people who act now another rare chance to cash in on his genius. There's no time to waste. Click here for the details now before it's too late.

Write This Stock Ticker Down Right Now

Enter your email below to see the stock name and ticker on the next page.


By submitting your email address, you give Profitable News permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. To learn more about our partners, click here. You can unsubscribe at any time. (Privacy Policy)

Write This Stock Ticker Down Right Now

Enter your email address to see the name and ticker on the next page.


By submitting your email address, you give Profitable News permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. To learn more about our partners, click here. You can unsubscribe at any time. (Privacy Policy)

How to Collect "Amazon Royalty" Payouts Before the Deadline

Thanks to a little-known IRS loophole, regular Americans can collect up to $28,544 (or more) in payouts from what is called “Amazon’s secret royalty program”…
Enter your email address to access all the details.


By submitting your email address, you give Profitable News permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. To learn more about our partners, click here. You can unsubscribe at any time. (Privacy Policy)

Elon Musk's "Project Omega"

It could soon mint new millionaires, while plunging millions of unprepared Americans into poverty. Get the stocks at the center of it all.
Enter your email address to receive the names and ticker symbols.


By submitting your email address, you give Profitable News permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. To learn more about our partners, click here. You can unsubscribe at any time. (Privacy Policy)

The #1 Trade For 2023

Elon Musk is set to reveal his secret “Project X” that could revolutionize a $23 Trillion industry, and potentially be 1,000x bigger than EV’s. 
This Backdoor play could hand early investors a windfall of gains.
Enter your email address to receive this company’s name and ticker symbol for free.


By submitting your email address, you give Profitable News permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. To learn more about our partners, click here. You can unsubscribe at any time. (Privacy Policy)

#1 A.I. Stock Currently Trading For $3

Gain immediate access to this revolutionary $3 A.I. stock that is set to disrupt a $15 Trillion Market soar 75X.
Enter your email address to receive the name and ticker symbol for free.


By submitting your email address, you give Profitable News permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. To learn more about our partners, click here. You can unsubscribe at any time. (Privacy Policy)

Project An-E

Breakthrough A.I. Just Predicted What the Stock Prices of Tesla, Nvidia, and Apple Will Be 30 Days from Now…
Enter your email address for immediate access.


By submitting your email address, you give Profitable News permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. To learn more about our partners, click here. You can unsubscribe at any time. (Privacy Policy)

Elon Musk's "Project Omega"

It could soon mint new millionaires, while plunging millions of unprepared Americans into poverty. Get the stocks at the center of it all.
Enter your email address to receive the names and ticker symbols.


By submitting your email address, you give Profitable News permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. To learn more about our partners, click here. You can unsubscribe at any time. (Privacy Policy)

#1 A.I. Stock Currently Trading For $3

Gain immediate access to this revolutionary $3 A.I. stock that is set to disrupt a $15 Trillion Market soar 75X.
Enter your email address to receive the name and ticker symbol for free.


By submitting your email address, you give Profitable News permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. To learn more about our partners, click here. You can unsubscribe at any time. (Privacy Policy)

#1 Stock of This Generation

Set to disrupt global industries, this tiny $2 stock could very soon shoot up 150%, 400% … even 900% or more!-
Enter your email address to receive this company’s name and ticker symbol for free.


By submitting your email address, you give Profitable News permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. To learn more about our partners, click here. You can unsubscribe at any time. (Privacy Policy)