In the midst of all the Nvidia obsession, there was actually a MUCH bigger mover after hours: Rivian, the electric car maker (or, more specifically, the electric truck maker). I always liked their design, but Good Lord, their business is doing poorly.
Here is the entire history of RIVN, from the IPO to right now. Looks like something Cathie D. would have picked up early on. We are approaching LIFETIME lows on this poor sumbitch.
Simply stated, anyone EXCEPT for Tesla is getting destroyed in the electric vehicle space. There seem to be no exceptions. Most of them look like this train wreck, which is Fisker (FSR):
More broadly speaking, ANY firm that tries to go up against Elon gets nuked. Take SpaceX, for example. They are doing GREAT (they are private, so there will be no chart forthcoming). How about their competitor, Momentus? Well………
Looks like an almost identical chart, right? The lesson here is: don’t go against Musk!
