Day: March 2, 2021

Is This the Biggest Winner from Rivian Automotive’s Massive IPO?

2020 was the year of the electric vehicle stock! Encouraged by Tesla‘s strong performance, last year saw a deluge of EV automakers debut on the public markets via IPO or via a reverse merger with a special purpose acquisition company, or SPAC.

Still, there was one high-profile holdout: Rivian Automotive. Founder and CEO Robert “RJ” Scaringe downplayed Rivian’s IPO intentions, noting as late as November the company was focused on production in response to an IPO-related question. That’s why investors were pleasantly surprised earlier this month when Bloomberg reported the company was prepping to go public with a possible September 2021 listing.

However, buying Rivian stock might not be the best way to take advantage of Rivian Automotive’s pending IPO. Investors should consider buying shares of Rivian investor Ford (NYSE: F) instead.

Lady charting electric vehicle.

Image source: Getty Images

Ford’s ownership stake in Rivian should boost shares

Trading at a price-to-book

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China’s Electrical Car Strategy Is Beginning To Go Global And The U.S. Is Lagging Behind

Car & Automotive,automotive industry,Car & Mechanical,Car & Classic,motorcycleTransport infrastructure consists of the fixed installations, together with roads , railways , airways , waterways , canals and pipelines and terminals equivalent to airports , railway stations , bus stations , warehouses , trucking terminals, refueling depots (including fueling docks and gas stations ) and seaports Terminals may be used each for interchange of passengers and cargo and for upkeep. Now let’s transfer on to the list of essentially the most used automobiles in the price range of $1,000 – $10,000 for my part. This is a listing of cars that I might buy if I have been looking for a car on this value range. The researchers expect CATL to increase its share of the ex-China market from 2% in 2019, to 14% in 2025, helped by “hyperbolic” progress of electrical automobiles in Europe.

Gasoline, when utilized in high- compression inside combustion engines, tends to autoignite or “detonate” … Read More