I am a longtime RIVN hodler and believe strongly in the company's ultimate success. I also understand that the company has historically burned crazy cash and is, to date, unprofitable. Given the risky nature of the company, the price of the stock at any given moment (e.g., whether it's $14/share or $20/share) isn't my concern.
My concern/question is this: Why does the stock price seem to move completely counterintuitively?? As the most recent example, RIVN reported its Q2 earnings, which beat WS expectations by all objective measures. Notwithstanding, the next day of trading saw a -9% return and the stock continues to shed value while (i) industry performs, (ii) positive macro news, and (iii) strong stock-specific news (e.g., adding second shift to R2 production).
I imagine the answer is much more complicated than I'd like it to be, but am appreciative for any guidence, though I'm most interested in guidence specific to RIVN and not stocks generally.
Thanks!