Unplugged: EV Stocks
Now that the earnings season has kicked in, we actually have information to anticipate that has nothing to do with the goddamned Federal government. Specifically, earnings reports (or loss reports, more typically). One of the biggies next week is going to be Tesla, which reports after Wednesday’s close.
I must say, the Tesla-wanna-be’s cannot get up off the mat. Here we see Rivian (which, as I’ve said so often, actually makes really cool looking vehicles) withering away.
It’s no better with Lucid (which I’ve often described described as the Hydrox to Tesla’s Oreo).
Between the Covid trillions and the Build Back Better nonsense (which failed before it even got off the ground), a lot of electric car companies and charging companies went public that never had any justification in doing so. These are zombie corporations. Then there’s this poor sumbitch:
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So, we could see a rebound in LCID stock in the near term. Although his earnings it wasn´t what investors expected.