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Rivian. History Repeats Itself

Back on June 26th 2024 I posted a blog about V.W. injecting $5 billion dollars in Rivian. That's a fair chunk of money. Here are two clips borrowed from that blog. .... Rivian jumped on that news. It now has a future. Look now at how it traded two days later. The good news from this event quickly dissipated. Now guess what? Look at what happened this week. There was a Rivian "good news" event again. Now here is how the stock performed this week on this news. Jumping into buying Puts on this news with two days of life left in them would have been the way to play it. Here is how two series of Rivian Puts traded on Friday. (For interest sake only, here is Rivian's three year chart. It has it's ups and downs). For the most part, Rivian is not a fun stock to play options on. That's a comment I often make about playing stocks in the $15.00 range. **** History doesn't repeat itself when it comes to where our readership is coming from. This is a Canadian bl...
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Another New Electric Vehicle Player To Watch - Vinfast.

Do you remember Polestar going public at $10.00 a share?
Look at how it has struggled. It dropped further this week on a disappointing quarterly earnings report. Maybe next week it will bounce back again. It's still in business and advanced new models are soon on the horizon. It could be like the Nio report last week. Nio bounced back after reporting a quarter of lower production numbers.
Other upstart electric vehicle companies like Rivian and Fisker are also struggling to be profitable. Remember I recently mentioned Faraday Future doing a 70 for 1 reverse stock split? How crazy was that? A ten for one reverse split would have got them over the magical $1.00 mimimum trading treshold and kept it as one of the most actively traded stock on the Nasdaq. Here is how it traded this week after their announcement. Their stock in now sinking into oblivion.
Then there is a newly listed Vietnamese company called VinFast with vehicles arriving to North America and plans to buld a factory in the United States. What a dumb time to listing a stock in this sector on the NASDAQ. I think the stock is in for a rough ride.
Down from over $80.00 at the start of the week to $29.49. What's to stop it from going to $15.00? Stay away until it builds it's new factory on U.S. grounds and gets it up and running. On a differing note, the big three auto companies in North American now have new companies like this one coming out of nowhere as competition. Competition is a good thing. Consumers are gaining more options. ** An Sep 6th update. The rough ride continues.
A Sept.22nd update.
EV stocks in this price range make me nervous.

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