George Soros Just Revealed He Bought Rivian Stock -- Should You?

In a 13F filing with the Securities and Exchange Commission (SEC) Friday, the investment fund run by billionaire investor George Soros revealed a stake in electric vehicle (EV) start-up Rivian Automotive (NASDAQ: RIVN) obtained in the fourth quarter of 2021.

Soros Fund Management disclosed it held slightly fewer than 20 million shares of Rivian by the end of 2021. That stake was worth more than $2 billion at the time, but the stock has so far plummeted in 2022. That means investors today could get Rivian shares at an almost 40% discount to where Soros bought in. Some investors are jumping in today thinking that's a bargain, but it's worth taking a closer look.

Source Fool.com