1/ Over the weekend I posted an article titled "Things Are Happening (Ep. 3) - A Slow Motion Car Crash & The Ministry of Truth (April 30, 2022)" in which I covered, among other things, the marketing company...I mean... "Electric Car Company": RIVIAN 🧵
theexpertsarelying.substack.com/p/things-are-h…
2/ Rivian went public on Nov. 10, 2021 at an initial offering price of $78.
At close of trading on Fri, Nov 12, 2021 (3rd trading day), Rivian’s stock price was nearly $130; reflecting a market value of more than $127 BILLION
On Mon, Nov. 15th, shares closed trading at $149
3/ On Tues., Nov. 16th, shares topped out at $172.
On Weds., Nov. 17th, shares fell to $146… and they haven’t stopped falling since.
At the close of trading on Friday, April 29, 2022, Rivian shares were $30.24
4/ On Nov. 19, 2021 -- 9 DAYS AFTER THE IPO -- Ford & Rivian announce they were cancelling "plans to jointly develop an electric vehicle" (down 25% from $172 high just 3 DAYS prior)
Are we to believe this deal cancelation wasn’t known of leading up to the IPO 9 days earlier?
5/ I pasted a few pages directly out of my personal notes from Nov 11-12, 2021--aka day(s) immediately after Rivian IPO:
@Forbes "...Rivian could be the next Tesla"
-->highlights make-believe preorders from Amazon (owns 20% OF RIVIAN🤣)
before burying "REVENUE [LESS] THAN $1 MIL"
6/ ME on November 11, 2021 regarding Rivian's IPO the day before:
"THIS IS ALL SUCH FUCKING NONSENSE"
...
Rivian had, up to that point, essentially only delivered ANY vehicles to THEIR OWN EMPLOYEES...
#Rivian #Amazon #Ford #Fraud @CNBC @Forbes @Rivian @elonmusk
7/ Rivian...
--> "delivered its first 11 R1Ts in September 2021"
--> Total Sales from July, August, September 2021 (3rd Quarter) were LESS THAN $1 MILLION!
--> IPO: November 10, 2021
--> Nov. 12, 2021: Market Valuation of nearly $130 BILLION.
8/ Today (May 2, 2022), I come across the following article: "Ford Reports Devastating Losses Thanks To Electric Vehicle Gamble" #Rivian #Ford #AccountingFraud
libertyunyielding.com/2022/05/02/for…
9/ FORD'S "net loss of $3.1 billion was primarily attributable to a MARK-TO-MARKET loss of $5.4 billion ON THE COMPANY'S INVESTMENT IN RIVIAN"
-- Mark-to-Market: "considered to be one of the reasons for the ENRON scandal" & "a tempting way to commit #AccountingFraud"
10/ "Rivian, founded in 2009, went public in November ... Investors quickly scooped up shares .. but recent poor performance has driven many investors away"
--> and by 'recent performance' they actually mean there's never been any notable performance .. in 13 YEARS OF EXISTENCE
11/ Finally, as detailed extensively above, it was SO
CLEAR FROM THE START they were just dumping this company onto whatever foolish peasant retail traders would buy into their relentless media hype campaigns. No joke. #Rivian's been in FREE FALL since 6 days after IPO🤣 @SECGov
12/ Link to Rivian article:
"Things Are Happening (Ep. 3) - A Slow Motion Car Crash & The Ministry of Truth (April 30, 2022)"
#Rivian #Amazon #Ford #AccountingFraud
theexpertsarelying.substack.com/p/things-are-h…
13/ Thanks for reading & please be sure to check me out over on #Substack @ "The Experts Are Lying"
Cheers!
theexpertsarelying.substack.com
14/ CNBC: "Biden administration announces $3.1 billion to make electric vehicle batteries in the U.S."
lol
15/ Sure is interesting...
16/ May 2, 2022:
-- Biden Administration announces $3.1 Billion to make electric vehicle batteries
-- Ford reports a $3.1 Billion loss on their investment in Electric Vehicle company RIVIAN
🙄
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.