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InsideEVs
InsideEVs
Technology
Steven Loveday

Rivian CEO RJ Scaringe Buys The Dip, Invests $1 Million In Rivian Stock

Rivian RJ Scaringe Elon Musk Ford Tesla Inc. Twitter Inc.

Rivian's CEO RJ Scaringe just picked up 41,000 shares of the company's stock. Basically, the CEO bought the dip, and the dip has been pretty drastic of late.

Rivian's stock has ranked since the company's IPO, which doesn't come as a huge surprise. It's not uncommon for startups to struggle for years – especially in the automotive industry, However, the global situation right now is a disaster across the board, which is impacting the market negatively, and it seems most stocks are suffering in a big way.

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