Short Sellers Destroyed As Volkswagen Gives Rivian a $5 Billion Boost

After soaring to a record high just days after its November '21 IPO (at $78/share), the fate of EV maker Rivian had been a brutal one-way masterclass in disappointment after disappointment, with the price trading near record lows in recent months, and flirting with single digits, down 93% from the all time high of $172 hit in November 2021. So one can almost feel happy for the long-suffering RIVN longs who saw their stock price surge more than 50% after hours when Germany's largest car company Volkswagen announced it would invest $5 billion to…