Daniel Loeb wins on electric vehicle EV stock Rivian underscores the volatility in the emerging sector last year.
Rivian is a US electric vehicle maker and automotive technology company that builds an electric sport utility vehicle and a pickup truck on a “skateboard” platform, which it claims can support future vehicles or be adopted by other companies. The company was founded in 2009 and has only begun deliveries of its all-electric trucks. As of December 15, Rivian produced just 652 R1Ts and delivered 386 with revenue of $1 million for the quarter and a loss of $12.21 per share. So on the above fundamental matrix, Rivian is not the best pick of the EV sector.
“Daniel Loeb wins on electric vehicle EV stock Rivian underscores the volatility in the emerging sector last year”
WEALTH TRAINING COMPANY
For those wanting a geographical diversification in their portfolio in the fastest growing EV market in the world, China, we like Nio.
Nio’s fundamentals are solid, achieved a 109% increase in revenue in 2021, and delivered 10,489 vehicles in December 2021, increasing by 49.7% year-over-year. Moreover, Nio’s battery swap technology, a unique selling point, is likely to be a winner. The crown of Evs, Tesla has had more vehicle recalls than any motor company in history and has a market capitalization worth more than the world combined of major vehicle manufacturers. Watch irritate man blow up his Tesla on youtube when he discovers the cost of repairing the battery.
There is nothing sustainable about building products that can not be repaired or serviced.
The EV crown could be up for grabs, and now more than ever fundamentals matter as the era of central bank easing money could be over.
“Nio’s fundamentals are solid, achieved a 109% increase in revenue in 2021, and delivered 10,489 vehicles in December 2021, increasing by 49.7% year-over-year”
WEALTH TRAINING COMPANY
Daniel Loeb wins on electric vehicle Rivian to the tune of $300m on a company that made less than a thousand vehicles with a loss of $12.21 per share
Who would have thought investing in Zombies could be so lucrative.
“Shares in Riviana surged from their offer price of $78 to more than $170 in mid-November 2021 and is currently trading around $88”
– Wealth Training Company
Daniel Loeb wins on electric vehicle turbocharged hype floatation last November
Billionaire investor Daniel Loeb made those profits through a series of investments over the past year, including in its convertible notes, according to investor letters and a person with knowledge of the trade
Shares in Riviana surged from their offer price of $78 to more than $170 in mid-November 2021 and is currently trading around $88. Ford had scrapped plans to create an electric vehicle using technology developed by Rivian.
Tread carefully in the EV space with so much investor hype some of the central bank’s easy money could have created several EV zombies.
Investors might need to revert to good old fashion fundamentals.
But hats of Daniel Loeb wins on electric vehicle stock Rivian, whose impeccable timing meant that he exited near the top in what has the look and feel of a classic pump and dump.
As they say, it is a big club.
