Which Freeper told us not to dare short Rivian?
The economy. It just keeps booming.
I just saw a tv show saying how we need to spend trillions updating our roadway guardrails to handle the heavier battery trucks like rivian. So getting rid of rivian et al could save a bunch.
Fisker (FSR) is at $0.5286 and has a 52-week low of $0.5212, so not doing great. 52-week high was $7.86.
VinFast (VFS) is at $4.98 and has a 52-week low of $4.59, so not doing great. 52-week high was $93.00.
Even though I own an EV, live in the south (no harsh winters), can charge at home, have a 2nd car like a lot of married couples so we're not tethered to just one driving technology, and drive enough miles for the gas savings to be worth an EV ... if I was honest I'd bet only 5% or 10% of the people I know personally are also in a situation where an EV is practical.
Of course, that's free market and practical thinking ... something the warmageddon control-freak Dims and their cult followers are incapable of.
Rivian = Edsel
Translation of economic, lingual contortion: "We have no future."
Meanwhile, despite a decline in demand for EVs, Tesla continues on a trajectory to become the world’s most valuable company. (It’s experience in robotics will prove helpful.)
this past summer, a multiplicity of Rivians were zipping about here in Boulder County, and even though this is the EV hibernation season in Colorado right now, this winter has been exceptionally mild with a few Teslas still tooling about, ALL of the Rivians except one or two that are obviously brand new have left the roads ... so, i’m thinking that might be more a function of vehicle failure than current climate ... i really can’t imagine buying a brand new vehicle
model from a brand new manufacturer, ESPECIALLY a brand new EV model from a brand new EV manufacturer ...
RIVN is down from 15.4 to 10 during the previous 48 hours ...
LCID is down from 3.6 to 3 during the previous 48 hours ...