Black-Girl-Stocks
The video discusses Rivian Automotive's recent recall of almost all of their 13,000 vehicles, causing their share prices to fall by 6.60 to 31, which is seen as a significant setback for the company. With competition in the electric vehicle market increasing and investors watching closely, the video suggests waiting to see how Rivian responds to this recall before considering any investment decisions at the key level of $28 dollars.
In this section of the video, the focus shifts to Rivian Automotive and their recent recall of almost all of the 13,000 vehicles produced by the company. The recall caused Rivian's shares to fall 6.60 to 31. The video notes that this is a significant setback for Rivian, which has not had a large rollout yet, with many people watching closely as it comes out with new models. There is increased competition in the market, with Tesla and Ford, among others, pushing to increase their electric vehicle portfolios. The video concludes by suggesting that investors should wait to see how Rivian responds to this recall around the key level of $28 dollars before making any investment decisions.
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