[meistereder]

George Soros Buys a Big Rivian Stake — Barron's

George Soros’ family investment office, Soros Fund Management, revealed a new stake in electric truck startup Rivian Automotive. When a notable investor buys into a company it can boost a stock. That seems to be the case Monday.

stocks.apple.com

anyone have any thoughts on this? I like that Amazon, Ford and now Soros seem to remain confident in the growth of the company and stock.

 

[NY_Rob]

Thoughts are already here:

Soros buys stake in EV startup Rivian

I view this as a guardedly optimistic vote on Rivian. Soros, like Warren Buffet, usually takes a long-term view of his investments, and in this case, seems to have decided that the recent downturn in Rivian stock price presented a good buying opportunity. Billionaire Soros buys stake in EV...

www.rivianownersforum.com

 

[meistereder]

Thanks — didn’t look in the general discussion forum since it relates to the stock. The stock definitely reacted today on this news.