$NIO Inc (NIO.US)$ tonight will reach back 32 👍

Electric vehicle start-up Rivian Automotive plans to list its shares on the Nasdaq on November 10th. The company aims to trade under the ticker symbol “RIVN.”
Rivian had previously raised its expected price range to between $72 and $74, up from an initial range of $57 to $62. It priced its IPO on Tuesday at $78 a share above top of range.
According to Bloomberg, Rivian expects the IPO to bring in $11.9 billion. The $11.9 billion haul is the biggest first-time share sale this year as well as the sixth-largest ever on a U.S. exchange.
Based on the share count, Rivian is being valued at about $76.4 billion on a fully diluted basis that accounts for stock options.
Business Overview
Rivian, founded in 2009, design, develop, and manufacture category-defining electric vehicles (“EVs”) and accessories.
Rivian launched its R1T, a two-row, five-seat pickup truck, in September. It plans to launch an SUV, the R1S, in December. Wider sales of the truck and the SUV are expected to begin in December and January.
The pickup truck starts at $67,500 for a basic trim and can go 314 miles between charges. Rivian said it had 48,390 R1T and R1S preorders in the U.S. and Canada as of September.
Rivan also builds an electric delivery van for Amazon, referred to as the EDV, at the plant and has an contract to delivery 100,000 of them to the retail giant by 2025.
Like Tesla, Rivian is selling its vehicles directly to consumers, skipping dealership networks, and asking for a refundable deposit when people configure their vehicle on its website.
Rivian beat Tesla, GM and Ford to the market with an electric pickup, the R1T, which has received glowing early reviews.
Amazon and Ford Motor are among Rivian’s backers. The EV maker has raised $10.5 billion since 2019 after several investment rounds, with the latest a $2.5 billion funding round in July, led by Amazon.com’s Climate Pledge Fund, Ford, and T. Rowe Price funds, among others.
Amazon and Ford each own more than 5% of the company. Peter Krawiec, Amazon’s senior vice president of worldwide corporate and business development, sits on Rivian’s board.
Financial Performance
Perhaps not surprisingly, Rivian has never made money, and doesn’t expect to turn a profit in the “foreseeable future” as it invests in its business.
Rivian lost $426 million in 2019, and went on to lose $1 billion last year. For the first six months of this year, Rivian lost $994 million.In 2020 the company’s net loss came to $1.02 billion.
Click to view the prospectus
$Rivian Automotive (RIVN.US)$

Investing is about balancing risk and reward. Reaching our investment goals will take patience and hard work.  Avoiding bad investment is an important key to successful investing. It can take several years for a portfolio to recover from a few wrong investment that could have been avoided in the first place. As such, investors need to be watchful for warning signs that could signal companies in trouble. While continuous decline in earnings may be a reason for concern, investors should be more wary of companies that struggle to maintain a consistent cashflow profile, especially those that show continuous negative cash flow over a prolonged period as these companies tend to run a higher risk of insolvency. Increasing and high debt level is another warning sign to watch out for.  Debt is not necessarily bad as it can be used to improve earnings and profit margins. But when companies are struggling to make scheduled interest and principal payments, this is a huge red flag to watch out for as such companies run a higher risk of liquidation should they be unable to meet their debt obligations. Other than unusually high insider selling that can be interpreted as an ominous sign, investors can check if a company's shares are the target of short sellers, especially hedge funds that aggressively bet against a company's share price. When a company's shares are consistently targeted by short sellers, it could be an early warning of greater danger ahead. Investors should also be cautioned should there be any frequent change of auditors  or if a company changes its auditors abruptly as this may indicate that the company could be trying to conceal information they do not wish to disclose. To help spot stock I should avoid, I would always relook at a stock whenever I notice consecutive quarters of declining earnings, a company's cash shrinking or debt increasing. Unusual insider sales, heavy short selling or auditor resignation are other warning signs that a company may be in trouble.
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$TENCENT (00700.HK)$
Experienced from 2020 to the present stock market, in fact, I think the stock market can make money is:
1 point vision +1 point patience +8 points luck
Watch it. Whatever It's up or down
Never use emergency money to buy stocks unless you think you have a good life

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