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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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Moo Live
Jan 23 16:54
MicroStrategy Q4 2024 earnings conference call
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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