1,130 karma · joined February 22, 2007
1. He sold index funds, not individual stocks like the other officials.
2. His “boss” (Trump) was holding up legislation to save the economy so it’s possible he was worried about the economy for reasons outside his control
3. The stock market went up drastically since then, so he would have much more money if he had just held his Vanguard funds since then. SPY went from what $330 to $450? So he missed a gain of 33%.
This is a really dumb “scandal” that makes no sense. Leave the dude alone. Go after the Senators like Richard Burr and probably Kelly Loeffler who really were insider trading
I'm surprised they didn't price a bit lower so they could guarantee a first day pop. At this price, many of the people I know who have loved Rivian for years will not be buyers. I'll be curious if there are enough others to support the valuation. I believe it will be the second most valuable car company after Tesla?
Amazing how Norway is so far ahead on electrification. I feel like many people are still skeptical of EV range in cold weather but clearly it hasn’t been an issue.
With 520 miles instead of around 350 for most current models on the road, the Lucid cars are going to eliminate range anxiety. Can’t wait to see the prices come down as they scale up production!
Yes it’s always sensible to take more money for yourself lol. But they weren’t transparent about not selling (they said they wouldn’t and then they did so they lied). Hence why the employees feel screwed
1. Someone chooses not to have equity because they want more cash now, don’t want to risk part of their compensation on equity, etc.
2. The company says their equity will never be liquid so you definitely don’t want it. You accept a cash offer with profit sharing instead. Then they sell the shares for $12 billion leaving you unknown job security and low expected future compensation while they profit off their lies