The latest market cap shocker from the $Rivian Automotive (RIVN.US)$'s IPO story is that the electric vehicle maker passed $VOLKSWAGEN AG (VLKAF.US)$ in valuation earlier today.
By the numbers, Volkswagen delivered 9.3M vehicles last year and Rivian produced 56 R1Ts and delivered 42 R1Ts total as of October 22 of this year. Of note, Rivian also has a larger cap than Caterpillar, IBM and Lockheed Martin.
What else could zoom in the electric vehicle sector alongside $Rivian Automotive (RIVN.US)$ , $Lucid Group (LCID.US)$ , $Tesla (TSLA.US)$ , $Canoo (GOEV.US)$ , $Li Auto (LI.US)$ and $Fisker (FSR.US)$ ? $Sono Group (SEV.US)$ is due to start trading tomorrow with the IPO starting to attract more attention. The solar-powered car startup is seeking a valuation of more than $1 billion in a U.S. listing. It also checks the box of being pre-revenue.

$Alibaba (BABA.US)$  So it’s dropped.60 cents since 5 am. Anyone else seeing this trend premarital?

BNPL (Buy Now Pay Later）is growing in popularity globally. On Sep 9, $Affirm Holdings (AFRM.US)$ , leading BNPL company, released its Q4 FY21 earnings thatbeats the estimates, following a surge of 20% in stock price during post-market.
Let's take a quick look at some key takeaways.
Operating Highlights
GMV ( Gross merchandise volume) for Q4 FY21 was $2.5 billion, an increase of106%; GMV for fiscal year 2021 was $8.3 billion, an increase of79%.
Active merchants grew by412%to nearly 29,000; Active consumers grew97%to 7.1 million.
Transactions per active consumer increased8%to approximately 2.3.
Financial Highlights
Total revenue was $261.8 million, a71%increase, driven by increases in network revenue and interest income.
Net loss for the Q4 2021 was $128.2 million compared to net income of $34.8 million in Q4 2020.
Business Highlights
In August 2021, the Company announced a non-exclusive partnership with $Affirm Holdings (AFRM.US)$to offer Affirm's flexible payment solutions, and Amazon plans to make Affirm morebroadly availableto its customers.
In June 2021, the Company advanced itsexclusive partnershipwith $Shopify (SHOP.US)$ by making Affirm's Shop Pay Installments available to all eligible Shopify merchants in the US.
Financial Outlook
The company gives apositive outlook. In FY22, Affirm expects GMV to grow faster than revenue. The outlook also reflects its strategy to drivegrowth in its network through continued investment, prioritizing increased investments in both its product and engineering teams, while also increasing its brand and direct response marketing efforts.
These investments are expected to benefit the Company'sproduct innovation capabilities and brand awareness in support of its long-term growth objectives.
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What’s your thoughtson Affirm's Q4 FY21 earnings? Is there any number or move thathits you? Is now a good time to buy or sell?
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