Innoviz/VW Contract via /r/wallstreetbets #stocks #wallstreetbets #investing


Innoviz/VW Contract

https://www.google.com/amp/s/www.cnbc.com/amp/2022/08/02/innoviz-wins-4-billion-dollar-volkswagen-lidar-contract.html

I imagine many of my fellow retards were absolutely bent by this stock in the recent downturn, but seeing some value here even after 22% gains today (stock was trading ~$4 yesterday, sitting at $4.90 now).

Their market cap is $663M. This deal is worth $4B over 8 years. I’m sure there are certain milestones built in but holy fuck, that’s almost their entire current market cap in revenue every year and they’re trading -70% off their (albeit bloated) ATH.

Surely this can’t go tits up?

Positions:

6 5C 9/18 exp 55 shares @4.70

Probably a dump in the morning but this seems like it has some fucking legs on it

Submitted August 02, 2022 at 09:22PM by Timely-Government-84
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