EV stocks: Rivian's winning streak ends, Sono doubles, Lucid and Fisker drop
Selling pressure is piling up on some favorite electric vehicle stocks of investors with $Rivian Automotive(RIVN.US$ on a path to see its first down day, while $Lucid Group(LCID.US$, $Fisker(FSR.US$, $Arrival(ARVL.US$, $Lordstown Motors(RIDE.US$ and $Faraday Future Intelligent Electric Inc.(FFIE.US$ are all notably in reverse.
IPO newbie $Sono Group(SEV.US$ is holding to its big early gain and is about 93% higher than the IPO pricing level of $15. The high point for shares of the solar-powered car maker so far is $32.34.
The company raised $150M today after selling 150M shares in the IPO. Sono is a European-focused electric vehicle player so far with pre-orders coming in from Germany, Austria, Switzerland, France, the Netherlands, Italy, Spain and Portugal. Sono has a partnership with MAN Truck & Bus., which is under the $VOLKSWAGEN AG(VLKAF.US$ corporate umbrella.
Sono was on catalyst watch this week with some fireworks anticipated due to its going public right when EV interest is sky high.
Elsewhere in the auto sector, $Hyzon Motors(HYZN.US$ is recovering from yesterday's drop and $Ferrari(RACE.US$ is riding higher after Morgan Stanley called it its favorite EV stock.
Meanwhile, $Tesla(TSLA.US$ is having a solid day considering Elon Musk has now unloaded about $8.8B worth of shares after his latest batch of sales.
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Aaron_Kelly : Oportunity to buy more! Rivian as an Amazing future Stock
Harper lee : Eagerly waiting for Hyundai Ioniq 5 to be available in the US.
Johnny Thunders : Has anyone looked at the cost to insure a Tesla, low end $140/mo high end double. That is like having 3 DUI's on the low end. Think about that for the life of the car.
Apollod Wed Johnny Thunders: Did you try to insure your Tesla? What price did you get?
ajkZbCYC8Q Johnny Thunders: My rates for my Model 3 LR were about $75/mo. Just this month, that dropped to just over $42/mo. Both are with State Farm.
The rates are highly dependant on where you live and driving history so take those with a grain of salt.
tk0TEeeFdX : Buying opportunity!
NCDEH6DMn7 : Sonos (SEV) is a gift at $30/share that’s less than $2b market cap. Their solar panel tech alone is worth multiples of that.
A1EIIWLU1C NCDEH6DMn7: barely any sales
Becky007 A1EIIWLU1C: Great things take time and patience
71369254 NCDEH6DMn7: Solar panels are used in cars. Do you run 10 kilometers in the sun in a day? His family isn't the first to do this; everything they did before has now been cancelled; this is a chicken rib.
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