We saw this EV energy earlier in the year right before everything tanked in March.
I am straight
I am straight
GGPI is anotherThe EV sector is HOT right now.
The market is telling us something about Tesla, Lucid, and Rivian, IMO. These companies are getting straight up tech evaluations, the market isn't viewing them solely as 'car' companies.
JMIA dumping hard pre-earning ? It was the same in May when I entered at 19.2. Anyway I had buy orders at 16.2 and 13.2 but didnt expect the first one to be triggered today. RIP to the brehs that have their average in the 50s
yeah, time to just bow out. lost like 13 bands on this shyt.
Have the fundamentals of the company changed? If not why sell? You haven't lost anything until you lock it in.yeah, time to just bow out. lost like 13 bands on this shyt.
Have the fundamentals of the company changed? If not why sell? You haven't lost anything until you lock it in.
This is what I'm afraid ofProblem is the product they sell are very expensive cars that the production of which is very capital intensive and complicated to make. We've reached FOMO madness now. Tesla is more or less proven and battle tested. Those other ones are riding its coattails.
Lucid is trading right now at 40x 2022 projected revenue. Tesla is trading at 15X average estimated 2022 revenue. Lucid is bad right now as it's more expensive than Tesla. Rivian however is insane. It's $20 billion away from being worth more than Ford and GM combined. At this point it's a game of musical chairs for who the bag holders will be when the music stops. It's not an investment right now it's just gambling. It will be several years before that company is putting up numbers that justify what it cost right now.This is what I'm afraid of
I see Teslas on the street...I almost copped one in 2014
I never seen a Rivian...they haven't made shyt
FML the stock is up since I sold....this is gonna be like GME all over again...me looking at the stock like "FOH " all while the shyt does a triple somersault and lands on one toe
It's crazy that this is basically what I was telling my friends all last year when GME had it's runLucid is trading right now at 40x 2022 projected revenue. Tesla is trading at 15X average estimated 2022 revenue. Lucid is bad right now as it's more expensive than Tesla. Rivian however is insane. It's $20 billion away from being worth more than Ford and GM combined. At this point it's a game of musical chairs for who the bag holders will be when the music stops. It's not an investment right now it's just gambling. It will be several years before that company is putting up numbers that justify what it cost right now.
I know it's easy to get swept up in irrational behavior of others and watch a share price continue to climb but valuation matters and when all the insanity subsides this thing is gonna freefall back to earth.
GGPI is another
Spac merging with EV company with deliveries
Polestar creates even more electric vehicle buzz ahead of SPAC deal | Seeking Alpha
RiVN options out