Angie Chen chen
voted
A recent $Amazon(AMZN.US$ test of a $Rivian Automotive(RIVN.US$ electric van showed that the battery's performance is below the EV startup's claims.
According to the report, the battery drained 40% faster than usual if the van's heating or cooling was on. Rivian said in its prospectus that the all-electric delivery vans would have a range between 120 miles and 150 miles, depending on size.
Rivian shares fell 8.2% to 118.11 on Monday. RIVN stock rose 67% in the first few days after its IPO, to 129.95. But shares closed down 1% last week after a wild ride.
Among other EV stocks, China-based $XPeng(XPEV.US$ edged up 1.1% after briefing reclaiming a buy range intraday. $NIO Inc(NIO.US$surged 7.3%, while $Li Auto(LI.US$ advanced 1.9%.
Among U.S. automakers, $Lucid Group(LCID.US$ reversed opening gains and dropped 8.2%, $General Motors(GM.US$ rose 3.7% and Ford (F) was up 5.4%. U.S.-traded shares of Germany's $VOLKSWAGEN A G(VWAGY.US$ dipped 0.4%.
It seems that there are formidable enemies everywhere.
Do you think RIVN is ready to compete in the EV battlefield?
Source:
Tesla Stock Rises As Musk Teases Model S Plaid In China; Battery Issue Drains Rivian Stock
According to the report, the battery drained 40% faster than usual if the van's heating or cooling was on. Rivian said in its prospectus that the all-electric delivery vans would have a range between 120 miles and 150 miles, depending on size.
Rivian shares fell 8.2% to 118.11 on Monday. RIVN stock rose 67% in the first few days after its IPO, to 129.95. But shares closed down 1% last week after a wild ride.
Among other EV stocks, China-based $XPeng(XPEV.US$ edged up 1.1% after briefing reclaiming a buy range intraday. $NIO Inc(NIO.US$surged 7.3%, while $Li Auto(LI.US$ advanced 1.9%.
Among U.S. automakers, $Lucid Group(LCID.US$ reversed opening gains and dropped 8.2%, $General Motors(GM.US$ rose 3.7% and Ford (F) was up 5.4%. U.S.-traded shares of Germany's $VOLKSWAGEN A G(VWAGY.US$ dipped 0.4%.
It seems that there are formidable enemies everywhere.
Do you think RIVN is ready to compete in the EV battlefield?
Source:
Tesla Stock Rises As Musk Teases Model S Plaid In China; Battery Issue Drains Rivian Stock
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Angie Chen chen
commented on
Before we answer the question, we must first understand the trading unit in HKEX is quite different from stock exchanges in the U.S.
In the Hong Kong stock market, the smallest trading unit for an order executed is 1 "board lot". This term may sound very strange to you if you have only traded in the U.S. market, but it’s actually quite simple.
What is a “board lot”?
Stock exchanges use “board lot” as the trading unit and it determines the number of shares you can trade.
In Hong Kong stock market, the number of stocks of each lot depends...
In the Hong Kong stock market, the smallest trading unit for an order executed is 1 "board lot". This term may sound very strange to you if you have only traded in the U.S. market, but it’s actually quite simple.
What is a “board lot”?
Stock exchanges use “board lot” as the trading unit and it determines the number of shares you can trade.
In Hong Kong stock market, the number of stocks of each lot depends...
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