Apr. 24 at 2:17 PM
$RIVN — yesterday was the moment bulls have been waiting for. And IPO-era holders have free money sitting unclaimed.
THE MILESTONE:
RJ Scaringe drove the first customer-ready R2 off the line in Normal, IL, days after a tornado hit the plant. Production is real. Deliveries start this spring. Q1 earnings Apr 30.
$VWAGY backing (
$5.8B committed),
$UBER robotaxi deal (50K vehicles), R2 vs
$TSLA Model Y at ~
$45K. The bull thesis is executing.
THE QUIET PART:
If you bought
$RIVN at the IPO (11/10/2021–3/10/2022), there's a
$250M settlement (~
$1.18/share est. payout) over allegations Rivian hid that it was selling R1s below production cost while raising
$12B from the public.
Filing doesn't touch your current shares. Late claims are being accepted:
11th.com/cases/rivian-investor-settlement