Rivians’ problems compounds into 2022

Yesterday, Rivian, the hyped electric truck maker, announced the departure of its chief operating officer — adding more pain for the largest IPO in 2021. What’s the big deal? Shortly after going public, Rivian — with zero sales at that point — surged 70% — making it larger than Ford and General Motors. Since November,…

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Electric vehicle charging stocks gets mixed messages from investors

Consumers are pressing the gas on electric vehicle (EV) adoption, but EV charging stations are putting the brakes on its growth. Despite EV stocks having a massive run on the back of Tesla, Rivian and Lucid, EV charging stocks aren’t having as much luck… What’s slowing down EV adoption? 40% of new car sales are…

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Rivian: The largest IPO of 2021 hits the market

Rivian — the hyped electric truck maker is going public today — and the largest IPO of 2021 is giving investors lots of questions. Investors burned by early-stage EV startups (i.e. Nikola and Lordstown) are highly skeptical of this cash-burning, zero-revenue company. While those that missed out on Tesla’s gains are wondering — Is this…

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October jumpstarted electric vehicle stocks, Tesla leads the way

October was a big month for electric vehicles (EV) stocks — with Tesla in the lead — which is up 52% in the past month. Other pre-revenue EV upstarts are also seeing similar moves: Lucid (NASDAQ:LCID) is up 47% and Arrival (NASDAQ:ARVL) is up 30% in the past month. What’s the big deal? Last week,…

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Hertz’ electric vehicle order takes Tesla above $1 trillion market cap

Tesla received a 100K vehicle order from car rental company Hertz (OTC:HTZZ), who emerged out of bankruptcy nearly 4 months ago — sending TSLA up 12.6% and HTZZ up 10%. What’s the big deal? This deal validates electric vehicles’ growing adoption, marks a big milestone for Tesla and hints at big changes coming for once-struggling…

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Rivian’s IPO: Overly dependent on Amazon with an expensive valuation

Breakups are messy, and Rivian hopes to never feel the pain. The much-hyped electric vehicle (EV) maker, which may be a little too dependent on Amazon, recently filed to go public. It’s seeking an $80B valuation, a massive number for a company with zero sales. Driving out of stealth mode Global EV demand is slowly…

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Ford invests big in electric vehicles to take on upstarts

America’s biggest automakers were left for dead as Tesla dominated the electric vehicle (EV) market. But one in particular is rising from the dead. Ford is doubling down on its EV commitment by investing $7b towards three new battery factories and an electric truck plant – the largest investment in its 118-year history. A long…

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State of electric vehicle stocks — Lucid Motor tumbles

In 2021, electric vehicle (EV) stocks fell out of favor and the once hyped EV maker, Lucid Group, is falling even lower. Yesterday, early Lucid investor lockups expired — allowing them to sell their stock — sending Lucid down 11%. What’s the big deal? Lucid Motors was supposed to be the luxury EV company to…

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Electric vehicle charging stocks get a jolt from Biden’s infrastructure bill

It’s summertime sadness in August — historically the worst month for the US stock market. But here’s a potential cure: Eat your greens. Clean energy stocks gave portfolios some of 2021’s greenest days. Since then, they’ve taken a backseat in investors’ minds, but early signs point to the narrative coming back to relevance. A $1t…

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