Rivian Automotive Inc.(NASDAQ:RIVN) has seen its stock surge following news of a substantial $5 billion investment fromVolkswagen AG(OTC:VWAGY), prompting discussions among investors, includingTesla Inc.(NASDAQ:TSLA) bullGary Blackand investorRoss Gerber, about the rationale behind German auto giant's strategic move.
What Happened: Black, a Tesla bull and the Managing Partner atFuture Fundtook to social media platform X to share his thoughts on the recent developments at Rivian. He wrote, "Some $TSLA investors don't appear to get the rationale of VW investing up to $5B in $RIVN."
He pointed out that...
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