Rivian Automotive (RIVN)

Does this EV rally have staying power or is this like 1999? Tesla is driving this rally and everyone wants to own the next Tesla. You're betting on the momentum of these nascent EV stocks, years away from turning a profit, like Lucid. Remember that online Amazon was one of the few tech stocks from 1999 that survived and thrived. Suppose Tesla will be on the only survivor? Will Rivian? Remember to take profits on these nascent EV stocks--remember, hogs get slaughtered (out of greed). Sell half.

IPO's are flooding the market. There's so much garbage among them but occasionally there's an enticing one including this year, Rivian Autos, that'll go public on Wednesday. It makes e-trucks. It'll be the 6th or 7th largest IPO in history.

IPO's are flooding the market. There's so much garbage among them but occasionally there's an enticing one including this year, Rivian Autos, that'll go public on Wednesday. It makes e-trucks. It'll be the 6th or 7th largest IPO in history. They enjoy heavy backing from Amazon and Ford, owning 19% (and have ordered an impressive 100,000 e-vans), and 12% respectively. Ford plans to launch e-pick-up trucks and e-vans in 2021, which will directly compete with Rivian; this is interesting. Will Ford sell its stake in Rivian to build its own factory for batteries? Rivian is ramping up production in pick-up trucks, and e-SUVs are coming next month. Down the line is an e-delivery van, making 10 of them by end-2021. There are 55,400 retail orders for the pick-ups and SUVs, and will fill the current backlog by 2023. He predicts shares will soar as investors ignore the crazy valuation, just like they are with Tesla. However, he'd rather buy Ford in the e-car space.