How Rivian's IPO Drove EV Stocks Higher Thursday_老虎社区_美港股上老虎

How Rivian's IPO Drove EV Stocks Higher Thursday

24/7 wall st2021-11-12

The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all ...

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168

NickTFY
·2021-11-12
EV is the way to go
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1
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37472a9a
·2021-11-12
Like
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4
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ValuInvestor
·2021-11-12
Rising tide
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Kwgan
·2021-11-12
Ok
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1
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收起
- phtan78:
  ok
  2021-11-12
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BellaEng
·2021-11-12
Go EV
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1
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- Kwgan:
  Ok
  2021-11-12
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seoinagepro
·2021-11-12
Okay hope to do well
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2
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- BellaEng:
  yup
  2021-11-12
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seoinagepro
·2021-11-12
Good
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2
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alegnat
·2021-11-12
Wow
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2
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henghm
·2021-11-12
Like and comments
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2
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Missys
·2021-11-12
Ooo
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4
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收起
- henghm:
  like and comments
  2021-11-12
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MuppyKoh
·2021-11-12
Please like
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2
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crtyn
·2021-11-12
Like pls
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1
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BigThumb
·2021-11-12
Interesting! [Smile]
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2
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DonWong
·2021-11-12
Ok
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1
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NRN
·2021-11-12
🚀🚀
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- DonWong:
  Yes
  2021-11-12
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Shortly before noon Thursday, shares of 15 EV makers were all ...</p>\n\n<a href=\"https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/\">网页链接</a>\n\n</div>\n","source":"lsy1636345238431","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Rivian's IPO Drove EV Stocks Higher Thursday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Rivian's IPO Drove EV Stocks Higher Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-12 08:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/><strong>24/7 wall st</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all ...</p>\n\n<a href=\"https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LCID","symbol_name":"Lucid Group Inc","start_time":0,"source_url":"https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/","article_id":"1182417400","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1182417400","pubTimestamp":1636678298,"columns":[],"sourceInfo":{"source_id":"lsy1636345238431","name":"24/7 Wall St."},"weMediaInfo":null,"summary":"The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal com","collect":0,"end_time":0,"defaultTopTitle":"247wallst.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LCID":"Lucid Group Inc","WKHS":"Workhorse Group, Inc.","XPEV":"小鹏汽车"},"translate_title":"周四Rivian IPO如何推动电动汽车类股走高","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ARVL":0.9,"LCID":0.9,"WKHS":0.9,"XPEV":0.9},"content_text":"The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all moving higher, thanks to Wednesday’s mammoth IPO of Rivian Automotive Inc. (NASDAQ: RIVN).\nRivian, of course, was leading the pack, while the shares moving up the least were those of Tesla Inc. (NASDAQ: TSLA), the first and largest by far of EV makers. That’s after BofA Securities raised its price objective for Tesla from $1,000 to $1,200 on Wednesday. Analyst John Murphy and his team also raised their price objectives for Lucid Group Inc. (NASDAQ: LCID) from $30 to $60 and for Fisker Inc. (NYSE: FSR) from $18 to $24. The firm gave Tesla and Fisker a Neutral rating while awarding Lucid a Buy rating.\nBofA also maintained its price objectives on two other EV makers. Canoo Inc. (NASDAQ: GOEV) and Lordstown Motors Group Inc. (NASDAQ: RIDE) both carry a $5 price objective and Underperform ratings.\nOne interesting note in BofA’s analysis is its summation of Tesla’s dominance:\n\n It is debatable whether any of the start-up EV automakers will ultimately be dominant over the long run, especially in a very competitive industry where the traditional automakers are also ramping up EV efforts. However, if a large global footprint can be built with no-cost capital, the “growth” story will likely continue to carry the day for the stocks. In fact, on our revised price objectives, our analysis suggests that a 10% dilutive equity raise for TSLA could fund 40+ incremental plants and 10mm+ units of capacity, which would make TSLA effectively the largest global automaker, while a 10% dilutive equity raise for LCID could fund 3+ incremental plants and 750k+ incremental units of capacity, which would make LCID a relatively large global luxury automaker.\n\nLeft unsaid there is that Lucid is never likely to catch up to, let alone pull ahead of, Tesla. That message also applies to Rivian, according to Murphy’s team:\n\n As has proven [to be] the case for TSLA over the past decade plus, the higher the upward spiral of stocks for the EV OEMs, the cheaper capital becomes to fund growth, which is then rewarded by investors with a higher stock price. The inverse of this dynamic is also true, and it is this self-fulfilling framework that has explained the extreme moves in TSLA stock in the past, and it is a helpful framework to think about how start-up EV automaker stocks may trade in the future.\n\nThe downside risks to the group chasing Tesla include drying up of low-cost capital, inability to convert orders into sales, and failure to ramp up production. Upside risks include customer enthusiasm for the vehicles, successful execution of business strategies and incremental government stimulus for EVs.\nRivian stock traded up 24% Thursday morning, to post a new high of $124.00. The low was set Wednesday at $95.20, well above the company’s IPO price of $78.\nElectric van maker Arrival S.A. (NASDAQ: ARVL) traded up more than 6% Thursday, at $14.27 in a 52-week range of $9.92 to $37.18.\nWorkhorse Group Inc. (NASDAQ: WKHS), another maker of delivery vans, traded up about 6.5% to $7.07, in a 52-week range of $6.02 to $42.96.\nChina-based Xpeng Inc. (NYSE: XPEV) traded up about 7% to $47.46, in a 52-week range of $22.73 to $74.49.\nLucid traded up more than 10%, at $44.98 in a 52-week range of $9.67 to $64.86.\nCanoo traded up about 5% to $8.50, in a 52-week range of $5.75 to $24.90.\nLordstown traded up about 14.5%, at $6.36 in a 52-week range of $4.64 to $31.57. Lordstown also closed the sale of its Ohio plant to Foxconn Wednesday, giving the shares an added boost.\nTesla traded up about by about 0.5% to $1,072.71, in a 52-week range of $301.66 to $1,243.49.\nLegacy automakers, virtually all of which have big plans for their own EV businesses with fewer moving parts, also traded higher Thursday morning. General Motors Co. (NYSE: GM) was up about 2.9%, at $60.96 in a 52-week range of $38.81 to $64.30, and Ford Motor Co. (NYSE: F) traded up about 1.2% to $19.60, in a 52-week range of $8.10 to $20.51.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":879354218,"gmtCreate":1636684465060,"gmtModify":1636684465225,"author":{"id":"4098703748550300","authorId":"4098703748550300","name":"NickTFY","avatar":"https://static.tigerbbs.com/9a3b4988e10ff369aa625db42dd2ca6c","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"4098703748550300","authorIdStr":"4098703748550300"},"htmlText":"EV is the way to go","listText":"EV is the way to go","text":"EV is the way to go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/879354218","repostId":1182417400,"repostType":4,"repost":{"id":"1182417400","kind":"news","pubTimestamp":1636678298,"share":"https://www.laohu8.com/m/news/1182417400?lang=&edition=full","pubTime":"2021-11-12 08:51","market":"us","language":"en","title":"How Rivian's IPO Drove EV Stocks Higher Thursday","url":"https://stock-news.laohu8.com/highlight/detail?id=1182417400","media":"24/7 wall st","summary":"The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal com","content":"<p>The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all moving higher, thanks to Wednesday’s mammoth IPO of Rivian Automotive Inc. (NASDAQ: RIVN).</p>\n<p>Rivian, of course, was leading the pack, while the shares moving up the least were those of Tesla Inc. (NASDAQ: TSLA), the first and largest by far of EV makers. That’s after BofA Securities raised its price objective for Tesla from $1,000 to $1,200 on Wednesday. Analyst John <a href=\"https://laohu8.com/S/MUR\">Murphy</a> and his team also raised their price objectives for <a href=\"https://laohu8.com/S/LCID\">Lucid Group Inc</a>. (NASDAQ: LCID) from $30 to $60 and for <a href=\"https://laohu8.com/S/FSR\">Fisker Inc.</a> (NYSE: FSR) from $18 to $24. The firm gave Tesla and Fisker a Neutral rating while awarding Lucid a Buy rating.</p>\n<p>BofA also maintained its price objectives on two other EV makers. <a href=\"https://laohu8.com/S/GOEV\">Canoo Inc.</a> (NASDAQ: GOEV) and Lordstown Motors Group Inc. (NASDAQ: RIDE) both carry a $5 price objective and Underperform ratings.</p>\n<p>One interesting note in BofA’s analysis is its summation of Tesla’s dominance:</p>\n<blockquote>\n It is debatable whether any of the start-up EV automakers will ultimately be dominant over the long run, especially in a very competitive industry where the traditional automakers are also ramping up EV efforts. However, if a large global footprint can be built with no-cost capital, the “growth” story will likely continue to carry the day for the stocks. In fact, on our revised price objectives, our analysis suggests that a 10% dilutive equity raise for TSLA could fund 40+ incremental plants and 10mm+ units of capacity, which would make TSLA effectively the largest global automaker, while a 10% dilutive equity raise for LCID could fund 3+ incremental plants and 750k+ incremental units of capacity, which would make LCID a relatively large global luxury automaker.\n</blockquote>\n<p>Left unsaid there is that Lucid is never likely to catch up to, let alone pull ahead of, Tesla. That message also applies to Rivian, according to Murphy’s team:</p>\n<blockquote>\n As has proven [to be] the case for TSLA over the past decade plus, the higher the upward spiral of stocks for the EV OEMs, the cheaper capital becomes to fund growth, which is then rewarded by investors with a higher stock price. The inverse of this dynamic is also true, and it is this self-fulfilling framework that has explained the extreme moves in TSLA stock in the past, and it is a helpful framework to think about how start-up EV automaker stocks may trade in the future.\n</blockquote>\n<p>The downside risks to the group chasing Tesla include drying up of low-cost capital, inability to convert orders into sales, and failure to ramp up production. Upside risks include customer enthusiasm for the vehicles, successful execution of business strategies and incremental government stimulus for EVs.</p>\n<p>Rivian stock traded up 24% Thursday morning, to post a new high of $124.00. The low was set Wednesday at $95.20, well above the company’s IPO price of $78.</p>\n<p>Electric van maker <a href=\"https://laohu8.com/S/ARVL\">Arrival</a> S.A. (NASDAQ: ARVL) traded up more than 6% Thursday, at $14.27 in a 52-week range of $9.92 to $37.18.</p>\n<p><a href=\"https://laohu8.com/S/WKHS\">Workhorse</a> Group Inc. (NASDAQ: WKHS), another maker of delivery vans, traded up about 6.5% to $7.07, in a 52-week range of $6.02 to $42.96.</p>\n<p><a href=\"https://laohu8.com/S/CAAS\">China</a>-based Xpeng Inc. (NYSE: XPEV) traded up about 7% to $47.46, in a 52-week range of $22.73 to $74.49.</p>\n<p>Lucid traded up more than 10%, at $44.98 in a 52-week range of $9.67 to $64.86.</p>\n<p>Canoo traded up about 5% to $8.50, in a 52-week range of $5.75 to $24.90.</p>\n<p>Lordstown traded up about 14.5%, at $6.36 in a 52-week range of $4.64 to $31.57. Lordstown also closed the sale of its Ohio plant to Foxconn Wednesday, giving the shares an added boost.</p>\n<p>Tesla traded up about by about 0.5% to $1,072.71, in a 52-week range of $301.66 to $1,243.49.</p>\n<p>Legacy automakers, virtually all of which have big plans for their own EV businesses with fewer moving parts, also traded higher Thursday morning. <a href=\"https://laohu8.com/S/GM\">General Motors</a> Co. (NYSE: GM) was up about 2.9%, at $60.96 in a 52-week range of $38.81 to $64.30, and <a href=\"https://laohu8.com/S/F\">Ford</a> Motor Co. (NYSE: F) traded up about 1.2% to $19.60, in a 52-week range of $8.10 to $20.51.</p>","source":"lsy1636345238431","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Rivian's IPO Drove EV Stocks Higher Thursday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Rivian's IPO Drove EV Stocks Higher Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-12 08:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/><strong>24/7 wall st</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all ...</p>\n\n<a href=\"https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LCID":"Lucid Group Inc","XPEV":"小鹏汽车","WKHS":"Workhorse Group, Inc."},"source_url":"https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182417400","content_text":"The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all moving higher, thanks to Wednesday’s mammoth IPO of Rivian Automotive Inc. (NASDAQ: RIVN).\nRivian, of course, was leading the pack, while the shares moving up the least were those of Tesla Inc. (NASDAQ: TSLA), the first and largest by far of EV makers. That’s after BofA Securities raised its price objective for Tesla from $1,000 to $1,200 on Wednesday. Analyst John Murphy and his team also raised their price objectives for Lucid Group Inc. (NASDAQ: LCID) from $30 to $60 and for Fisker Inc. (NYSE: FSR) from $18 to $24. The firm gave Tesla and Fisker a Neutral rating while awarding Lucid a Buy rating.\nBofA also maintained its price objectives on two other EV makers. Canoo Inc. (NASDAQ: GOEV) and Lordstown Motors Group Inc. (NASDAQ: RIDE) both carry a $5 price objective and Underperform ratings.\nOne interesting note in BofA’s analysis is its summation of Tesla’s dominance:\n\n It is debatable whether any of the start-up EV automakers will ultimately be dominant over the long run, especially in a very competitive industry where the traditional automakers are also ramping up EV efforts. However, if a large global footprint can be built with no-cost capital, the “growth” story will likely continue to carry the day for the stocks. In fact, on our revised price objectives, our analysis suggests that a 10% dilutive equity raise for TSLA could fund 40+ incremental plants and 10mm+ units of capacity, which would make TSLA effectively the largest global automaker, while a 10% dilutive equity raise for LCID could fund 3+ incremental plants and 750k+ incremental units of capacity, which would make LCID a relatively large global luxury automaker.\n\nLeft unsaid there is that Lucid is never likely to catch up to, let alone pull ahead of, Tesla. That message also applies to Rivian, according to Murphy’s team:\n\n As has proven [to be] the case for TSLA over the past decade plus, the higher the upward spiral of stocks for the EV OEMs, the cheaper capital becomes to fund growth, which is then rewarded by investors with a higher stock price. The inverse of this dynamic is also true, and it is this self-fulfilling framework that has explained the extreme moves in TSLA stock in the past, and it is a helpful framework to think about how start-up EV automaker stocks may trade in the future.\n\nThe downside risks to the group chasing Tesla include drying up of low-cost capital, inability to convert orders into sales, and failure to ramp up production. Upside risks include customer enthusiasm for the vehicles, successful execution of business strategies and incremental government stimulus for EVs.\nRivian stock traded up 24% Thursday morning, to post a new high of $124.00. The low was set Wednesday at $95.20, well above the company’s IPO price of $78.\nElectric van maker Arrival S.A. (NASDAQ: ARVL) traded up more than 6% Thursday, at $14.27 in a 52-week range of $9.92 to $37.18.\nWorkhorse Group Inc. (NASDAQ: WKHS), another maker of delivery vans, traded up about 6.5% to $7.07, in a 52-week range of $6.02 to $42.96.\nChina-based Xpeng Inc. (NYSE: XPEV) traded up about 7% to $47.46, in a 52-week range of $22.73 to $74.49.\nLucid traded up more than 10%, at $44.98 in a 52-week range of $9.67 to $64.86.\nCanoo traded up about 5% to $8.50, in a 52-week range of $5.75 to $24.90.\nLordstown traded up about 14.5%, at $6.36 in a 52-week range of $4.64 to $31.57. Lordstown also closed the sale of its Ohio plant to Foxconn Wednesday, giving the shares an added boost.\nTesla traded up about by about 0.5% to $1,072.71, in a 52-week range of $301.66 to $1,243.49.\nLegacy automakers, virtually all of which have big plans for their own EV businesses with fewer moving parts, also traded higher Thursday morning. General Motors Co. (NYSE: GM) was up about 2.9%, at $60.96 in a 52-week range of $38.81 to $64.30, and Ford Motor Co. (NYSE: F) traded up about 1.2% to $19.60, in a 52-week range of $8.10 to $20.51.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":879386815,"gmtCreate":1636682383565,"gmtModify":1636683159832,"author":{"id":"3580799026700204","authorId":"3580799026700204","name":"37472a9a","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3580799026700204","authorIdStr":"3580799026700204"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/879386815","repostId":1182417400,"repostType":4,"repost":{"id":"1182417400","kind":"news","pubTimestamp":1636678298,"share":"https://www.laohu8.com/m/news/1182417400?lang=&edition=full","pubTime":"2021-11-12 08:51","market":"us","language":"en","title":"How Rivian's IPO Drove EV Stocks Higher Thursday","url":"https://stock-news.laohu8.com/highlight/detail?id=1182417400","media":"24/7 wall st","summary":"The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal com","content":"<p>The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all moving higher, thanks to Wednesday’s mammoth IPO of Rivian Automotive Inc. (NASDAQ: RIVN).</p>\n<p>Rivian, of course, was leading the pack, while the shares moving up the least were those of Tesla Inc. (NASDAQ: TSLA), the first and largest by far of EV makers. That’s after BofA Securities raised its price objective for Tesla from $1,000 to $1,200 on Wednesday. Analyst John <a href=\"https://laohu8.com/S/MUR\">Murphy</a> and his team also raised their price objectives for <a href=\"https://laohu8.com/S/LCID\">Lucid Group Inc</a>. (NASDAQ: LCID) from $30 to $60 and for <a href=\"https://laohu8.com/S/FSR\">Fisker Inc.</a> (NYSE: FSR) from $18 to $24. The firm gave Tesla and Fisker a Neutral rating while awarding Lucid a Buy rating.</p>\n<p>BofA also maintained its price objectives on two other EV makers. <a href=\"https://laohu8.com/S/GOEV\">Canoo Inc.</a> (NASDAQ: GOEV) and Lordstown Motors Group Inc. (NASDAQ: RIDE) both carry a $5 price objective and Underperform ratings.</p>\n<p>One interesting note in BofA’s analysis is its summation of Tesla’s dominance:</p>\n<blockquote>\n It is debatable whether any of the start-up EV automakers will ultimately be dominant over the long run, especially in a very competitive industry where the traditional automakers are also ramping up EV efforts. However, if a large global footprint can be built with no-cost capital, the “growth” story will likely continue to carry the day for the stocks. In fact, on our revised price objectives, our analysis suggests that a 10% dilutive equity raise for TSLA could fund 40+ incremental plants and 10mm+ units of capacity, which would make TSLA effectively the largest global automaker, while a 10% dilutive equity raise for LCID could fund 3+ incremental plants and 750k+ incremental units of capacity, which would make LCID a relatively large global luxury automaker.\n</blockquote>\n<p>Left unsaid there is that Lucid is never likely to catch up to, let alone pull ahead of, Tesla. That message also applies to Rivian, according to Murphy’s team:</p>\n<blockquote>\n As has proven [to be] the case for TSLA over the past decade plus, the higher the upward spiral of stocks for the EV OEMs, the cheaper capital becomes to fund growth, which is then rewarded by investors with a higher stock price. The inverse of this dynamic is also true, and it is this self-fulfilling framework that has explained the extreme moves in TSLA stock in the past, and it is a helpful framework to think about how start-up EV automaker stocks may trade in the future.\n</blockquote>\n<p>The downside risks to the group chasing Tesla include drying up of low-cost capital, inability to convert orders into sales, and failure to ramp up production. Upside risks include customer enthusiasm for the vehicles, successful execution of business strategies and incremental government stimulus for EVs.</p>\n<p>Rivian stock traded up 24% Thursday morning, to post a new high of $124.00. The low was set Wednesday at $95.20, well above the company’s IPO price of $78.</p>\n<p>Electric van maker <a href=\"https://laohu8.com/S/ARVL\">Arrival</a> S.A. (NASDAQ: ARVL) traded up more than 6% Thursday, at $14.27 in a 52-week range of $9.92 to $37.18.</p>\n<p><a href=\"https://laohu8.com/S/WKHS\">Workhorse</a> Group Inc. (NASDAQ: WKHS), another maker of delivery vans, traded up about 6.5% to $7.07, in a 52-week range of $6.02 to $42.96.</p>\n<p><a href=\"https://laohu8.com/S/CAAS\">China</a>-based Xpeng Inc. (NYSE: XPEV) traded up about 7% to $47.46, in a 52-week range of $22.73 to $74.49.</p>\n<p>Lucid traded up more than 10%, at $44.98 in a 52-week range of $9.67 to $64.86.</p>\n<p>Canoo traded up about 5% to $8.50, in a 52-week range of $5.75 to $24.90.</p>\n<p>Lordstown traded up about 14.5%, at $6.36 in a 52-week range of $4.64 to $31.57. Lordstown also closed the sale of its Ohio plant to Foxconn Wednesday, giving the shares an added boost.</p>\n<p>Tesla traded up about by about 0.5% to $1,072.71, in a 52-week range of $301.66 to $1,243.49.</p>\n<p>Legacy automakers, virtually all of which have big plans for their own EV businesses with fewer moving parts, also traded higher Thursday morning. <a href=\"https://laohu8.com/S/GM\">General Motors</a> Co. (NYSE: GM) was up about 2.9%, at $60.96 in a 52-week range of $38.81 to $64.30, and <a href=\"https://laohu8.com/S/F\">Ford</a> Motor Co. (NYSE: F) traded up about 1.2% to $19.60, in a 52-week range of $8.10 to $20.51.</p>","source":"lsy1636345238431","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Rivian's IPO Drove EV Stocks Higher Thursday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Rivian's IPO Drove EV Stocks Higher Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-12 08:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/><strong>24/7 wall st</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all ...</p>\n\n<a href=\"https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LCID":"Lucid Group Inc","XPEV":"小鹏汽车","WKHS":"Workhorse Group, Inc."},"source_url":"https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182417400","content_text":"The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all moving higher, thanks to Wednesday’s mammoth IPO of Rivian Automotive Inc. (NASDAQ: RIVN).\nRivian, of course, was leading the pack, while the shares moving up the least were those of Tesla Inc. (NASDAQ: TSLA), the first and largest by far of EV makers. That’s after BofA Securities raised its price objective for Tesla from $1,000 to $1,200 on Wednesday. Analyst John Murphy and his team also raised their price objectives for Lucid Group Inc. (NASDAQ: LCID) from $30 to $60 and for Fisker Inc. (NYSE: FSR) from $18 to $24. The firm gave Tesla and Fisker a Neutral rating while awarding Lucid a Buy rating.\nBofA also maintained its price objectives on two other EV makers. Canoo Inc. (NASDAQ: GOEV) and Lordstown Motors Group Inc. (NASDAQ: RIDE) both carry a $5 price objective and Underperform ratings.\nOne interesting note in BofA’s analysis is its summation of Tesla’s dominance:\n\n It is debatable whether any of the start-up EV automakers will ultimately be dominant over the long run, especially in a very competitive industry where the traditional automakers are also ramping up EV efforts. However, if a large global footprint can be built with no-cost capital, the “growth” story will likely continue to carry the day for the stocks. In fact, on our revised price objectives, our analysis suggests that a 10% dilutive equity raise for TSLA could fund 40+ incremental plants and 10mm+ units of capacity, which would make TSLA effectively the largest global automaker, while a 10% dilutive equity raise for LCID could fund 3+ incremental plants and 750k+ incremental units of capacity, which would make LCID a relatively large global luxury automaker.\n\nLeft unsaid there is that Lucid is never likely to catch up to, let alone pull ahead of, Tesla. That message also applies to Rivian, according to Murphy’s team:\n\n As has proven [to be] the case for TSLA over the past decade plus, the higher the upward spiral of stocks for the EV OEMs, the cheaper capital becomes to fund growth, which is then rewarded by investors with a higher stock price. The inverse of this dynamic is also true, and it is this self-fulfilling framework that has explained the extreme moves in TSLA stock in the past, and it is a helpful framework to think about how start-up EV automaker stocks may trade in the future.\n\nThe downside risks to the group chasing Tesla include drying up of low-cost capital, inability to convert orders into sales, and failure to ramp up production. Upside risks include customer enthusiasm for the vehicles, successful execution of business strategies and incremental government stimulus for EVs.\nRivian stock traded up 24% Thursday morning, to post a new high of $124.00. The low was set Wednesday at $95.20, well above the company’s IPO price of $78.\nElectric van maker Arrival S.A. (NASDAQ: ARVL) traded up more than 6% Thursday, at $14.27 in a 52-week range of $9.92 to $37.18.\nWorkhorse Group Inc. (NASDAQ: WKHS), another maker of delivery vans, traded up about 6.5% to $7.07, in a 52-week range of $6.02 to $42.96.\nChina-based Xpeng Inc. (NYSE: XPEV) traded up about 7% to $47.46, in a 52-week range of $22.73 to $74.49.\nLucid traded up more than 10%, at $44.98 in a 52-week range of $9.67 to $64.86.\nCanoo traded up about 5% to $8.50, in a 52-week range of $5.75 to $24.90.\nLordstown traded up about 14.5%, at $6.36 in a 52-week range of $4.64 to $31.57. Lordstown also closed the sale of its Ohio plant to Foxconn Wednesday, giving the shares an added boost.\nTesla traded up about by about 0.5% to $1,072.71, in a 52-week range of $301.66 to $1,243.49.\nLegacy automakers, virtually all of which have big plans for their own EV businesses with fewer moving parts, also traded higher Thursday morning. General Motors Co. (NYSE: GM) was up about 2.9%, at $60.96 in a 52-week range of $38.81 to $64.30, and Ford Motor Co. (NYSE: F) traded up about 1.2% to $19.60, in a 52-week range of $8.10 to $20.51.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":879383956,"gmtCreate":1636682171170,"gmtModify":1636682924847,"author":{"id":"4087361572396550","authorId":"4087361572396550","name":"ValuInvestor","avatar":"https://static.tigerbbs.com/5a962911d3cd0763a9f0cb01392cacd9","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"4087361572396550","authorIdStr":"4087361572396550"},"htmlText":"Rising tide","listText":"Rising tide","text":"Rising tide","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/879383956","repostId":1182417400,"repostType":4,"repost":{"id":"1182417400","kind":"news","pubTimestamp":1636678298,"share":"https://www.laohu8.com/m/news/1182417400?lang=&edition=full","pubTime":"2021-11-12 08:51","market":"us","language":"en","title":"How Rivian's IPO Drove EV Stocks Higher Thursday","url":"https://stock-news.laohu8.com/highlight/detail?id=1182417400","media":"24/7 wall st","summary":"The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal com","content":"<p>The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all moving higher, thanks to Wednesday’s mammoth IPO of Rivian Automotive Inc. (NASDAQ: RIVN).</p>\n<p>Rivian, of course, was leading the pack, while the shares moving up the least were those of Tesla Inc. (NASDAQ: TSLA), the first and largest by far of EV makers. That’s after BofA Securities raised its price objective for Tesla from $1,000 to $1,200 on Wednesday. Analyst John <a href=\"https://laohu8.com/S/MUR\">Murphy</a> and his team also raised their price objectives for <a href=\"https://laohu8.com/S/LCID\">Lucid Group Inc</a>. (NASDAQ: LCID) from $30 to $60 and for <a href=\"https://laohu8.com/S/FSR\">Fisker Inc.</a> (NYSE: FSR) from $18 to $24. The firm gave Tesla and Fisker a Neutral rating while awarding Lucid a Buy rating.</p>\n<p>BofA also maintained its price objectives on two other EV makers. <a href=\"https://laohu8.com/S/GOEV\">Canoo Inc.</a> (NASDAQ: GOEV) and Lordstown Motors Group Inc. (NASDAQ: RIDE) both carry a $5 price objective and Underperform ratings.</p>\n<p>One interesting note in BofA’s analysis is its summation of Tesla’s dominance:</p>\n<blockquote>\n It is debatable whether any of the start-up EV automakers will ultimately be dominant over the long run, especially in a very competitive industry where the traditional automakers are also ramping up EV efforts. However, if a large global footprint can be built with no-cost capital, the “growth” story will likely continue to carry the day for the stocks. In fact, on our revised price objectives, our analysis suggests that a 10% dilutive equity raise for TSLA could fund 40+ incremental plants and 10mm+ units of capacity, which would make TSLA effectively the largest global automaker, while a 10% dilutive equity raise for LCID could fund 3+ incremental plants and 750k+ incremental units of capacity, which would make LCID a relatively large global luxury automaker.\n</blockquote>\n<p>Left unsaid there is that Lucid is never likely to catch up to, let alone pull ahead of, Tesla. That message also applies to Rivian, according to Murphy’s team:</p>\n<blockquote>\n As has proven [to be] the case for TSLA over the past decade plus, the higher the upward spiral of stocks for the EV OEMs, the cheaper capital becomes to fund growth, which is then rewarded by investors with a higher stock price. The inverse of this dynamic is also true, and it is this self-fulfilling framework that has explained the extreme moves in TSLA stock in the past, and it is a helpful framework to think about how start-up EV automaker stocks may trade in the future.\n</blockquote>\n<p>The downside risks to the group chasing Tesla include drying up of low-cost capital, inability to convert orders into sales, and failure to ramp up production. Upside risks include customer enthusiasm for the vehicles, successful execution of business strategies and incremental government stimulus for EVs.</p>\n<p>Rivian stock traded up 24% Thursday morning, to post a new high of $124.00. The low was set Wednesday at $95.20, well above the company’s IPO price of $78.</p>\n<p>Electric van maker <a href=\"https://laohu8.com/S/ARVL\">Arrival</a> S.A. (NASDAQ: ARVL) traded up more than 6% Thursday, at $14.27 in a 52-week range of $9.92 to $37.18.</p>\n<p><a href=\"https://laohu8.com/S/WKHS\">Workhorse</a> Group Inc. (NASDAQ: WKHS), another maker of delivery vans, traded up about 6.5% to $7.07, in a 52-week range of $6.02 to $42.96.</p>\n<p><a href=\"https://laohu8.com/S/CAAS\">China</a>-based Xpeng Inc. (NYSE: XPEV) traded up about 7% to $47.46, in a 52-week range of $22.73 to $74.49.</p>\n<p>Lucid traded up more than 10%, at $44.98 in a 52-week range of $9.67 to $64.86.</p>\n<p>Canoo traded up about 5% to $8.50, in a 52-week range of $5.75 to $24.90.</p>\n<p>Lordstown traded up about 14.5%, at $6.36 in a 52-week range of $4.64 to $31.57. Lordstown also closed the sale of its Ohio plant to Foxconn Wednesday, giving the shares an added boost.</p>\n<p>Tesla traded up about by about 0.5% to $1,072.71, in a 52-week range of $301.66 to $1,243.49.</p>\n<p>Legacy automakers, virtually all of which have big plans for their own EV businesses with fewer moving parts, also traded higher Thursday morning. <a href=\"https://laohu8.com/S/GM\">General Motors</a> Co. (NYSE: GM) was up about 2.9%, at $60.96 in a 52-week range of $38.81 to $64.30, and <a href=\"https://laohu8.com/S/F\">Ford</a> Motor Co. (NYSE: F) traded up about 1.2% to $19.60, in a 52-week range of $8.10 to $20.51.</p>","source":"lsy1636345238431","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Rivian's IPO Drove EV Stocks Higher Thursday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Rivian's IPO Drove EV Stocks Higher Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-12 08:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/><strong>24/7 wall st</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all ...</p>\n\n<a href=\"https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LCID":"Lucid Group Inc","XPEV":"小鹏汽车","WKHS":"Workhorse Group, Inc."},"source_url":"https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182417400","content_text":"The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all moving higher, thanks to Wednesday’s mammoth IPO of Rivian Automotive Inc. (NASDAQ: RIVN).\nRivian, of course, was leading the pack, while the shares moving up the least were those of Tesla Inc. (NASDAQ: TSLA), the first and largest by far of EV makers. That’s after BofA Securities raised its price objective for Tesla from $1,000 to $1,200 on Wednesday. Analyst John Murphy and his team also raised their price objectives for Lucid Group Inc. (NASDAQ: LCID) from $30 to $60 and for Fisker Inc. (NYSE: FSR) from $18 to $24. The firm gave Tesla and Fisker a Neutral rating while awarding Lucid a Buy rating.\nBofA also maintained its price objectives on two other EV makers. Canoo Inc. (NASDAQ: GOEV) and Lordstown Motors Group Inc. (NASDAQ: RIDE) both carry a $5 price objective and Underperform ratings.\nOne interesting note in BofA’s analysis is its summation of Tesla’s dominance:\n\n It is debatable whether any of the start-up EV automakers will ultimately be dominant over the long run, especially in a very competitive industry where the traditional automakers are also ramping up EV efforts. However, if a large global footprint can be built with no-cost capital, the “growth” story will likely continue to carry the day for the stocks. In fact, on our revised price objectives, our analysis suggests that a 10% dilutive equity raise for TSLA could fund 40+ incremental plants and 10mm+ units of capacity, which would make TSLA effectively the largest global automaker, while a 10% dilutive equity raise for LCID could fund 3+ incremental plants and 750k+ incremental units of capacity, which would make LCID a relatively large global luxury automaker.\n\nLeft unsaid there is that Lucid is never likely to catch up to, let alone pull ahead of, Tesla. That message also applies to Rivian, according to Murphy’s team:\n\n As has proven [to be] the case for TSLA over the past decade plus, the higher the upward spiral of stocks for the EV OEMs, the cheaper capital becomes to fund growth, which is then rewarded by investors with a higher stock price. The inverse of this dynamic is also true, and it is this self-fulfilling framework that has explained the extreme moves in TSLA stock in the past, and it is a helpful framework to think about how start-up EV automaker stocks may trade in the future.\n\nThe downside risks to the group chasing Tesla include drying up of low-cost capital, inability to convert orders into sales, and failure to ramp up production. Upside risks include customer enthusiasm for the vehicles, successful execution of business strategies and incremental government stimulus for EVs.\nRivian stock traded up 24% Thursday morning, to post a new high of $124.00. The low was set Wednesday at $95.20, well above the company’s IPO price of $78.\nElectric van maker Arrival S.A. (NASDAQ: ARVL) traded up more than 6% Thursday, at $14.27 in a 52-week range of $9.92 to $37.18.\nWorkhorse Group Inc. (NASDAQ: WKHS), another maker of delivery vans, traded up about 6.5% to $7.07, in a 52-week range of $6.02 to $42.96.\nChina-based Xpeng Inc. (NYSE: XPEV) traded up about 7% to $47.46, in a 52-week range of $22.73 to $74.49.\nLucid traded up more than 10%, at $44.98 in a 52-week range of $9.67 to $64.86.\nCanoo traded up about 5% to $8.50, in a 52-week range of $5.75 to $24.90.\nLordstown traded up about 14.5%, at $6.36 in a 52-week range of $4.64 to $31.57. Lordstown also closed the sale of its Ohio plant to Foxconn Wednesday, giving the shares an added boost.\nTesla traded up about by about 0.5% to $1,072.71, in a 52-week range of $301.66 to $1,243.49.\nLegacy automakers, virtually all of which have big plans for their own EV businesses with fewer moving parts, also traded higher Thursday morning. General Motors Co. (NYSE: GM) was up about 2.9%, at $60.96 in a 52-week range of $38.81 to $64.30, and Ford Motor Co. (NYSE: F) traded up about 1.2% to $19.60, in a 52-week range of $8.10 to $20.51.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":879315344,"gmtCreate":1636681892277,"gmtModify":1636682449397,"author":{"id":"3555113831623017","authorId":"3555113831623017","name":"Kwgan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3555113831623017","authorIdStr":"3555113831623017"},"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/879315344","repostId":1182417400,"repostType":4,"repost":{"id":"1182417400","kind":"news","pubTimestamp":1636678298,"share":"https://www.laohu8.com/m/news/1182417400?lang=&edition=full","pubTime":"2021-11-12 08:51","market":"us","language":"en","title":"How Rivian's IPO Drove EV Stocks Higher Thursday","url":"https://stock-news.laohu8.com/highlight/detail?id=1182417400","media":"24/7 wall st","summary":"The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal com","content":"<p>The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all moving higher, thanks to Wednesday’s mammoth IPO of Rivian Automotive Inc. (NASDAQ: RIVN).</p>\n<p>Rivian, of course, was leading the pack, while the shares moving up the least were those of Tesla Inc. (NASDAQ: TSLA), the first and largest by far of EV makers. That’s after BofA Securities raised its price objective for Tesla from $1,000 to $1,200 on Wednesday. Analyst John <a href=\"https://laohu8.com/S/MUR\">Murphy</a> and his team also raised their price objectives for <a href=\"https://laohu8.com/S/LCID\">Lucid Group Inc</a>. (NASDAQ: LCID) from $30 to $60 and for <a href=\"https://laohu8.com/S/FSR\">Fisker Inc.</a> (NYSE: FSR) from $18 to $24. The firm gave Tesla and Fisker a Neutral rating while awarding Lucid a Buy rating.</p>\n<p>BofA also maintained its price objectives on two other EV makers. <a href=\"https://laohu8.com/S/GOEV\">Canoo Inc.</a> (NASDAQ: GOEV) and Lordstown Motors Group Inc. (NASDAQ: RIDE) both carry a $5 price objective and Underperform ratings.</p>\n<p>One interesting note in BofA’s analysis is its summation of Tesla’s dominance:</p>\n<blockquote>\n It is debatable whether any of the start-up EV automakers will ultimately be dominant over the long run, especially in a very competitive industry where the traditional automakers are also ramping up EV efforts. However, if a large global footprint can be built with no-cost capital, the “growth” story will likely continue to carry the day for the stocks. In fact, on our revised price objectives, our analysis suggests that a 10% dilutive equity raise for TSLA could fund 40+ incremental plants and 10mm+ units of capacity, which would make TSLA effectively the largest global automaker, while a 10% dilutive equity raise for LCID could fund 3+ incremental plants and 750k+ incremental units of capacity, which would make LCID a relatively large global luxury automaker.\n</blockquote>\n<p>Left unsaid there is that Lucid is never likely to catch up to, let alone pull ahead of, Tesla. That message also applies to Rivian, according to Murphy’s team:</p>\n<blockquote>\n As has proven [to be] the case for TSLA over the past decade plus, the higher the upward spiral of stocks for the EV OEMs, the cheaper capital becomes to fund growth, which is then rewarded by investors with a higher stock price. The inverse of this dynamic is also true, and it is this self-fulfilling framework that has explained the extreme moves in TSLA stock in the past, and it is a helpful framework to think about how start-up EV automaker stocks may trade in the future.\n</blockquote>\n<p>The downside risks to the group chasing Tesla include drying up of low-cost capital, inability to convert orders into sales, and failure to ramp up production. Upside risks include customer enthusiasm for the vehicles, successful execution of business strategies and incremental government stimulus for EVs.</p>\n<p>Rivian stock traded up 24% Thursday morning, to post a new high of $124.00. The low was set Wednesday at $95.20, well above the company’s IPO price of $78.</p>\n<p>Electric van maker <a href=\"https://laohu8.com/S/ARVL\">Arrival</a> S.A. (NASDAQ: ARVL) traded up more than 6% Thursday, at $14.27 in a 52-week range of $9.92 to $37.18.</p>\n<p><a href=\"https://laohu8.com/S/WKHS\">Workhorse</a> Group Inc. (NASDAQ: WKHS), another maker of delivery vans, traded up about 6.5% to $7.07, in a 52-week range of $6.02 to $42.96.</p>\n<p><a href=\"https://laohu8.com/S/CAAS\">China</a>-based Xpeng Inc. (NYSE: XPEV) traded up about 7% to $47.46, in a 52-week range of $22.73 to $74.49.</p>\n<p>Lucid traded up more than 10%, at $44.98 in a 52-week range of $9.67 to $64.86.</p>\n<p>Canoo traded up about 5% to $8.50, in a 52-week range of $5.75 to $24.90.</p>\n<p>Lordstown traded up about 14.5%, at $6.36 in a 52-week range of $4.64 to $31.57. Lordstown also closed the sale of its Ohio plant to Foxconn Wednesday, giving the shares an added boost.</p>\n<p>Tesla traded up about by about 0.5% to $1,072.71, in a 52-week range of $301.66 to $1,243.49.</p>\n<p>Legacy automakers, virtually all of which have big plans for their own EV businesses with fewer moving parts, also traded higher Thursday morning. <a href=\"https://laohu8.com/S/GM\">General Motors</a> Co. (NYSE: GM) was up about 2.9%, at $60.96 in a 52-week range of $38.81 to $64.30, and <a href=\"https://laohu8.com/S/F\">Ford</a> Motor Co. (NYSE: F) traded up about 1.2% to $19.60, in a 52-week range of $8.10 to $20.51.</p>","source":"lsy1636345238431","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Rivian's IPO Drove EV Stocks Higher Thursday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Rivian's IPO Drove EV Stocks Higher Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-12 08:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/><strong>24/7 wall st</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all ...</p>\n\n<a href=\"https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LCID":"Lucid Group Inc","XPEV":"小鹏汽车","WKHS":"Workhorse Group, Inc."},"source_url":"https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182417400","content_text":"The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all moving higher, thanks to Wednesday’s mammoth IPO of Rivian Automotive Inc. (NASDAQ: RIVN).\nRivian, of course, was leading the pack, while the shares moving up the least were those of Tesla Inc. (NASDAQ: TSLA), the first and largest by far of EV makers. That’s after BofA Securities raised its price objective for Tesla from $1,000 to $1,200 on Wednesday. Analyst John Murphy and his team also raised their price objectives for Lucid Group Inc. (NASDAQ: LCID) from $30 to $60 and for Fisker Inc. (NYSE: FSR) from $18 to $24. The firm gave Tesla and Fisker a Neutral rating while awarding Lucid a Buy rating.\nBofA also maintained its price objectives on two other EV makers. Canoo Inc. (NASDAQ: GOEV) and Lordstown Motors Group Inc. (NASDAQ: RIDE) both carry a $5 price objective and Underperform ratings.\nOne interesting note in BofA’s analysis is its summation of Tesla’s dominance:\n\n It is debatable whether any of the start-up EV automakers will ultimately be dominant over the long run, especially in a very competitive industry where the traditional automakers are also ramping up EV efforts. However, if a large global footprint can be built with no-cost capital, the “growth” story will likely continue to carry the day for the stocks. In fact, on our revised price objectives, our analysis suggests that a 10% dilutive equity raise for TSLA could fund 40+ incremental plants and 10mm+ units of capacity, which would make TSLA effectively the largest global automaker, while a 10% dilutive equity raise for LCID could fund 3+ incremental plants and 750k+ incremental units of capacity, which would make LCID a relatively large global luxury automaker.\n\nLeft unsaid there is that Lucid is never likely to catch up to, let alone pull ahead of, Tesla. That message also applies to Rivian, according to Murphy’s team:\n\n As has proven [to be] the case for TSLA over the past decade plus, the higher the upward spiral of stocks for the EV OEMs, the cheaper capital becomes to fund growth, which is then rewarded by investors with a higher stock price. The inverse of this dynamic is also true, and it is this self-fulfilling framework that has explained the extreme moves in TSLA stock in the past, and it is a helpful framework to think about how start-up EV automaker stocks may trade in the future.\n\nThe downside risks to the group chasing Tesla include drying up of low-cost capital, inability to convert orders into sales, and failure to ramp up production. Upside risks include customer enthusiasm for the vehicles, successful execution of business strategies and incremental government stimulus for EVs.\nRivian stock traded up 24% Thursday morning, to post a new high of $124.00. The low was set Wednesday at $95.20, well above the company’s IPO price of $78.\nElectric van maker Arrival S.A. (NASDAQ: ARVL) traded up more than 6% Thursday, at $14.27 in a 52-week range of $9.92 to $37.18.\nWorkhorse Group Inc. (NASDAQ: WKHS), another maker of delivery vans, traded up about 6.5% to $7.07, in a 52-week range of $6.02 to $42.96.\nChina-based Xpeng Inc. (NYSE: XPEV) traded up about 7% to $47.46, in a 52-week range of $22.73 to $74.49.\nLucid traded up more than 10%, at $44.98 in a 52-week range of $9.67 to $64.86.\nCanoo traded up about 5% to $8.50, in a 52-week range of $5.75 to $24.90.\nLordstown traded up about 14.5%, at $6.36 in a 52-week range of $4.64 to $31.57. Lordstown also closed the sale of its Ohio plant to Foxconn Wednesday, giving the shares an added boost.\nTesla traded up about by about 0.5% to $1,072.71, in a 52-week range of $301.66 to $1,243.49.\nLegacy automakers, virtually all of which have big plans for their own EV businesses with fewer moving parts, also traded higher Thursday morning. General Motors Co. (NYSE: GM) was up about 2.9%, at $60.96 in a 52-week range of $38.81 to $64.30, and Ford Motor Co. (NYSE: F) traded up about 1.2% to $19.60, in a 52-week range of $8.10 to $20.51.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6545252,"gmtCreate":1636681949170,"gmtModify":1636681949271,"authorId":3582029020196512,"author":{"id":3582029020196512,"idStr":"3582029020196512","authorId":3582029020196512,"name":"phtan78","avatar":"https://static.tigerbbs.com/60421702b647e5c5156fa081ca9a26ff","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":879315344,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"CN"},{"id":879332277,"gmtCreate":1636681275997,"gmtModify":1636681667315,"author":{"id":"3576533774112300","authorId":"3576533774112300","name":"BellaEng","avatar":"https://static.tigerbbs.com/dde1682b37a7cdb8f3de06cedadd8083","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3576533774112300","authorIdStr":"3576533774112300"},"htmlText":"Go EV","listText":"Go EV","text":"Go EV","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/879332277","repostId":1182417400,"repostType":4,"repost":{"id":"1182417400","kind":"news","pubTimestamp":1636678298,"share":"https://www.laohu8.com/m/news/1182417400?lang=&edition=full","pubTime":"2021-11-12 08:51","market":"us","language":"en","title":"How Rivian's IPO Drove EV Stocks Higher Thursday","url":"https://stock-news.laohu8.com/highlight/detail?id=1182417400","media":"24/7 wall st","summary":"The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal com","content":"<p>The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all moving higher, thanks to Wednesday’s mammoth IPO of Rivian Automotive Inc. (NASDAQ: RIVN).</p>\n<p>Rivian, of course, was leading the pack, while the shares moving up the least were those of Tesla Inc. (NASDAQ: TSLA), the first and largest by far of EV makers. That’s after BofA Securities raised its price objective for Tesla from $1,000 to $1,200 on Wednesday. Analyst John <a href=\"https://laohu8.com/S/MUR\">Murphy</a> and his team also raised their price objectives for <a href=\"https://laohu8.com/S/LCID\">Lucid Group Inc</a>. (NASDAQ: LCID) from $30 to $60 and for <a href=\"https://laohu8.com/S/FSR\">Fisker Inc.</a> (NYSE: FSR) from $18 to $24. The firm gave Tesla and Fisker a Neutral rating while awarding Lucid a Buy rating.</p>\n<p>BofA also maintained its price objectives on two other EV makers. <a href=\"https://laohu8.com/S/GOEV\">Canoo Inc.</a> (NASDAQ: GOEV) and Lordstown Motors Group Inc. (NASDAQ: RIDE) both carry a $5 price objective and Underperform ratings.</p>\n<p>One interesting note in BofA’s analysis is its summation of Tesla’s dominance:</p>\n<blockquote>\n It is debatable whether any of the start-up EV automakers will ultimately be dominant over the long run, especially in a very competitive industry where the traditional automakers are also ramping up EV efforts. However, if a large global footprint can be built with no-cost capital, the “growth” story will likely continue to carry the day for the stocks. In fact, on our revised price objectives, our analysis suggests that a 10% dilutive equity raise for TSLA could fund 40+ incremental plants and 10mm+ units of capacity, which would make TSLA effectively the largest global automaker, while a 10% dilutive equity raise for LCID could fund 3+ incremental plants and 750k+ incremental units of capacity, which would make LCID a relatively large global luxury automaker.\n</blockquote>\n<p>Left unsaid there is that Lucid is never likely to catch up to, let alone pull ahead of, Tesla. That message also applies to Rivian, according to Murphy’s team:</p>\n<blockquote>\n As has proven [to be] the case for TSLA over the past decade plus, the higher the upward spiral of stocks for the EV OEMs, the cheaper capital becomes to fund growth, which is then rewarded by investors with a higher stock price. The inverse of this dynamic is also true, and it is this self-fulfilling framework that has explained the extreme moves in TSLA stock in the past, and it is a helpful framework to think about how start-up EV automaker stocks may trade in the future.\n</blockquote>\n<p>The downside risks to the group chasing Tesla include drying up of low-cost capital, inability to convert orders into sales, and failure to ramp up production. Upside risks include customer enthusiasm for the vehicles, successful execution of business strategies and incremental government stimulus for EVs.</p>\n<p>Rivian stock traded up 24% Thursday morning, to post a new high of $124.00. The low was set Wednesday at $95.20, well above the company’s IPO price of $78.</p>\n<p>Electric van maker <a href=\"https://laohu8.com/S/ARVL\">Arrival</a> S.A. (NASDAQ: ARVL) traded up more than 6% Thursday, at $14.27 in a 52-week range of $9.92 to $37.18.</p>\n<p><a href=\"https://laohu8.com/S/WKHS\">Workhorse</a> Group Inc. (NASDAQ: WKHS), another maker of delivery vans, traded up about 6.5% to $7.07, in a 52-week range of $6.02 to $42.96.</p>\n<p><a href=\"https://laohu8.com/S/CAAS\">China</a>-based Xpeng Inc. (NYSE: XPEV) traded up about 7% to $47.46, in a 52-week range of $22.73 to $74.49.</p>\n<p>Lucid traded up more than 10%, at $44.98 in a 52-week range of $9.67 to $64.86.</p>\n<p>Canoo traded up about 5% to $8.50, in a 52-week range of $5.75 to $24.90.</p>\n<p>Lordstown traded up about 14.5%, at $6.36 in a 52-week range of $4.64 to $31.57. Lordstown also closed the sale of its Ohio plant to Foxconn Wednesday, giving the shares an added boost.</p>\n<p>Tesla traded up about by about 0.5% to $1,072.71, in a 52-week range of $301.66 to $1,243.49.</p>\n<p>Legacy automakers, virtually all of which have big plans for their own EV businesses with fewer moving parts, also traded higher Thursday morning. <a href=\"https://laohu8.com/S/GM\">General Motors</a> Co. (NYSE: GM) was up about 2.9%, at $60.96 in a 52-week range of $38.81 to $64.30, and <a href=\"https://laohu8.com/S/F\">Ford</a> Motor Co. (NYSE: F) traded up about 1.2% to $19.60, in a 52-week range of $8.10 to $20.51.</p>","source":"lsy1636345238431","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Rivian's IPO Drove EV Stocks Higher Thursday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Rivian's IPO Drove EV Stocks Higher Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-12 08:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/><strong>24/7 wall st</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all ...</p>\n\n<a href=\"https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LCID":"Lucid Group Inc","XPEV":"小鹏汽车","WKHS":"Workhorse Group, Inc."},"source_url":"https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182417400","content_text":"The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all moving higher, thanks to Wednesday’s mammoth IPO of Rivian Automotive Inc. (NASDAQ: RIVN).\nRivian, of course, was leading the pack, while the shares moving up the least were those of Tesla Inc. (NASDAQ: TSLA), the first and largest by far of EV makers. That’s after BofA Securities raised its price objective for Tesla from $1,000 to $1,200 on Wednesday. Analyst John Murphy and his team also raised their price objectives for Lucid Group Inc. (NASDAQ: LCID) from $30 to $60 and for Fisker Inc. (NYSE: FSR) from $18 to $24. The firm gave Tesla and Fisker a Neutral rating while awarding Lucid a Buy rating.\nBofA also maintained its price objectives on two other EV makers. Canoo Inc. (NASDAQ: GOEV) and Lordstown Motors Group Inc. (NASDAQ: RIDE) both carry a $5 price objective and Underperform ratings.\nOne interesting note in BofA’s analysis is its summation of Tesla’s dominance:\n\n It is debatable whether any of the start-up EV automakers will ultimately be dominant over the long run, especially in a very competitive industry where the traditional automakers are also ramping up EV efforts. However, if a large global footprint can be built with no-cost capital, the “growth” story will likely continue to carry the day for the stocks. In fact, on our revised price objectives, our analysis suggests that a 10% dilutive equity raise for TSLA could fund 40+ incremental plants and 10mm+ units of capacity, which would make TSLA effectively the largest global automaker, while a 10% dilutive equity raise for LCID could fund 3+ incremental plants and 750k+ incremental units of capacity, which would make LCID a relatively large global luxury automaker.\n\nLeft unsaid there is that Lucid is never likely to catch up to, let alone pull ahead of, Tesla. That message also applies to Rivian, according to Murphy’s team:\n\n As has proven [to be] the case for TSLA over the past decade plus, the higher the upward spiral of stocks for the EV OEMs, the cheaper capital becomes to fund growth, which is then rewarded by investors with a higher stock price. The inverse of this dynamic is also true, and it is this self-fulfilling framework that has explained the extreme moves in TSLA stock in the past, and it is a helpful framework to think about how start-up EV automaker stocks may trade in the future.\n\nThe downside risks to the group chasing Tesla include drying up of low-cost capital, inability to convert orders into sales, and failure to ramp up production. Upside risks include customer enthusiasm for the vehicles, successful execution of business strategies and incremental government stimulus for EVs.\nRivian stock traded up 24% Thursday morning, to post a new high of $124.00. The low was set Wednesday at $95.20, well above the company’s IPO price of $78.\nElectric van maker Arrival S.A. (NASDAQ: ARVL) traded up more than 6% Thursday, at $14.27 in a 52-week range of $9.92 to $37.18.\nWorkhorse Group Inc. (NASDAQ: WKHS), another maker of delivery vans, traded up about 6.5% to $7.07, in a 52-week range of $6.02 to $42.96.\nChina-based Xpeng Inc. (NYSE: XPEV) traded up about 7% to $47.46, in a 52-week range of $22.73 to $74.49.\nLucid traded up more than 10%, at $44.98 in a 52-week range of $9.67 to $64.86.\nCanoo traded up about 5% to $8.50, in a 52-week range of $5.75 to $24.90.\nLordstown traded up about 14.5%, at $6.36 in a 52-week range of $4.64 to $31.57. Lordstown also closed the sale of its Ohio plant to Foxconn Wednesday, giving the shares an added boost.\nTesla traded up about by about 0.5% to $1,072.71, in a 52-week range of $301.66 to $1,243.49.\nLegacy automakers, virtually all of which have big plans for their own EV businesses with fewer moving parts, also traded higher Thursday morning. General Motors Co. (NYSE: GM) was up about 2.9%, at $60.96 in a 52-week range of $38.81 to $64.30, and Ford Motor Co. (NYSE: F) traded up about 1.2% to $19.60, in a 52-week range of $8.10 to $20.51.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6545230,"gmtCreate":1636681899596,"gmtModify":1636681899633,"authorId":3555113831623017,"author":{"id":3555113831623017,"idStr":"3555113831623017","authorId":3555113831623017,"name":"Kwgan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":879332277,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"CN"},{"id":879338858,"gmtCreate":1636681163161,"gmtModify":1636681169595,"author":{"id":"4093785012982140","authorId":"4093785012982140","name":"seoinagepro","avatar":"https://static.tigerbbs.com/a3e9050fad3055efc22f5e148075b00b","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4093785012982140","authorIdStr":"4093785012982140"},"htmlText":"Okay hope to do well&nbsp;","listText":"Okay hope to do well&nbsp;","text":"Okay hope to do well","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/879338858","repostId":1182417400,"repostType":4,"repost":{"id":"1182417400","kind":"news","pubTimestamp":1636678298,"share":"https://www.laohu8.com/m/news/1182417400?lang=&edition=full","pubTime":"2021-11-12 08:51","market":"us","language":"en","title":"How Rivian's IPO Drove EV Stocks Higher Thursday","url":"https://stock-news.laohu8.com/highlight/detail?id=1182417400","media":"24/7 wall st","summary":"The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal com","content":"<p>The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all moving higher, thanks to Wednesday’s mammoth IPO of Rivian Automotive Inc. (NASDAQ: RIVN).</p>\n<p>Rivian, of course, was leading the pack, while the shares moving up the least were those of Tesla Inc. (NASDAQ: TSLA), the first and largest by far of EV makers. That’s after BofA Securities raised its price objective for Tesla from $1,000 to $1,200 on Wednesday. Analyst John <a href=\"https://laohu8.com/S/MUR\">Murphy</a> and his team also raised their price objectives for <a href=\"https://laohu8.com/S/LCID\">Lucid Group Inc</a>. (NASDAQ: LCID) from $30 to $60 and for <a href=\"https://laohu8.com/S/FSR\">Fisker Inc.</a> (NYSE: FSR) from $18 to $24. The firm gave Tesla and Fisker a Neutral rating while awarding Lucid a Buy rating.</p>\n<p>BofA also maintained its price objectives on two other EV makers. <a href=\"https://laohu8.com/S/GOEV\">Canoo Inc.</a> (NASDAQ: GOEV) and Lordstown Motors Group Inc. (NASDAQ: RIDE) both carry a $5 price objective and Underperform ratings.</p>\n<p>One interesting note in BofA’s analysis is its summation of Tesla’s dominance:</p>\n<blockquote>\n It is debatable whether any of the start-up EV automakers will ultimately be dominant over the long run, especially in a very competitive industry where the traditional automakers are also ramping up EV efforts. However, if a large global footprint can be built with no-cost capital, the “growth” story will likely continue to carry the day for the stocks. In fact, on our revised price objectives, our analysis suggests that a 10% dilutive equity raise for TSLA could fund 40+ incremental plants and 10mm+ units of capacity, which would make TSLA effectively the largest global automaker, while a 10% dilutive equity raise for LCID could fund 3+ incremental plants and 750k+ incremental units of capacity, which would make LCID a relatively large global luxury automaker.\n</blockquote>\n<p>Left unsaid there is that Lucid is never likely to catch up to, let alone pull ahead of, Tesla. That message also applies to Rivian, according to Murphy’s team:</p>\n<blockquote>\n As has proven [to be] the case for TSLA over the past decade plus, the higher the upward spiral of stocks for the EV OEMs, the cheaper capital becomes to fund growth, which is then rewarded by investors with a higher stock price. The inverse of this dynamic is also true, and it is this self-fulfilling framework that has explained the extreme moves in TSLA stock in the past, and it is a helpful framework to think about how start-up EV automaker stocks may trade in the future.\n</blockquote>\n<p>The downside risks to the group chasing Tesla include drying up of low-cost capital, inability to convert orders into sales, and failure to ramp up production. Upside risks include customer enthusiasm for the vehicles, successful execution of business strategies and incremental government stimulus for EVs.</p>\n<p>Rivian stock traded up 24% Thursday morning, to post a new high of $124.00. The low was set Wednesday at $95.20, well above the company’s IPO price of $78.</p>\n<p>Electric van maker <a href=\"https://laohu8.com/S/ARVL\">Arrival</a> S.A. (NASDAQ: ARVL) traded up more than 6% Thursday, at $14.27 in a 52-week range of $9.92 to $37.18.</p>\n<p><a href=\"https://laohu8.com/S/WKHS\">Workhorse</a> Group Inc. (NASDAQ: WKHS), another maker of delivery vans, traded up about 6.5% to $7.07, in a 52-week range of $6.02 to $42.96.</p>\n<p><a href=\"https://laohu8.com/S/CAAS\">China</a>-based Xpeng Inc. (NYSE: XPEV) traded up about 7% to $47.46, in a 52-week range of $22.73 to $74.49.</p>\n<p>Lucid traded up more than 10%, at $44.98 in a 52-week range of $9.67 to $64.86.</p>\n<p>Canoo traded up about 5% to $8.50, in a 52-week range of $5.75 to $24.90.</p>\n<p>Lordstown traded up about 14.5%, at $6.36 in a 52-week range of $4.64 to $31.57. Lordstown also closed the sale of its Ohio plant to Foxconn Wednesday, giving the shares an added boost.</p>\n<p>Tesla traded up about by about 0.5% to $1,072.71, in a 52-week range of $301.66 to $1,243.49.</p>\n<p>Legacy automakers, virtually all of which have big plans for their own EV businesses with fewer moving parts, also traded higher Thursday morning. <a href=\"https://laohu8.com/S/GM\">General Motors</a> Co. (NYSE: GM) was up about 2.9%, at $60.96 in a 52-week range of $38.81 to $64.30, and <a href=\"https://laohu8.com/S/F\">Ford</a> Motor Co. (NYSE: F) traded up about 1.2% to $19.60, in a 52-week range of $8.10 to $20.51.</p>","source":"lsy1636345238431","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Rivian's IPO Drove EV Stocks Higher Thursday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Rivian's IPO Drove EV Stocks Higher Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-12 08:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/><strong>24/7 wall st</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all ...</p>\n\n<a href=\"https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LCID":"Lucid Group Inc","XPEV":"小鹏汽车","WKHS":"Workhorse Group, Inc."},"source_url":"https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182417400","content_text":"The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all moving higher, thanks to Wednesday’s mammoth IPO of Rivian Automotive Inc. (NASDAQ: RIVN).\nRivian, of course, was leading the pack, while the shares moving up the least were those of Tesla Inc. (NASDAQ: TSLA), the first and largest by far of EV makers. That’s after BofA Securities raised its price objective for Tesla from $1,000 to $1,200 on Wednesday. Analyst John Murphy and his team also raised their price objectives for Lucid Group Inc. (NASDAQ: LCID) from $30 to $60 and for Fisker Inc. (NYSE: FSR) from $18 to $24. The firm gave Tesla and Fisker a Neutral rating while awarding Lucid a Buy rating.\nBofA also maintained its price objectives on two other EV makers. Canoo Inc. (NASDAQ: GOEV) and Lordstown Motors Group Inc. (NASDAQ: RIDE) both carry a $5 price objective and Underperform ratings.\nOne interesting note in BofA’s analysis is its summation of Tesla’s dominance:\n\n It is debatable whether any of the start-up EV automakers will ultimately be dominant over the long run, especially in a very competitive industry where the traditional automakers are also ramping up EV efforts. However, if a large global footprint can be built with no-cost capital, the “growth” story will likely continue to carry the day for the stocks. In fact, on our revised price objectives, our analysis suggests that a 10% dilutive equity raise for TSLA could fund 40+ incremental plants and 10mm+ units of capacity, which would make TSLA effectively the largest global automaker, while a 10% dilutive equity raise for LCID could fund 3+ incremental plants and 750k+ incremental units of capacity, which would make LCID a relatively large global luxury automaker.\n\nLeft unsaid there is that Lucid is never likely to catch up to, let alone pull ahead of, Tesla. That message also applies to Rivian, according to Murphy’s team:\n\n As has proven [to be] the case for TSLA over the past decade plus, the higher the upward spiral of stocks for the EV OEMs, the cheaper capital becomes to fund growth, which is then rewarded by investors with a higher stock price. The inverse of this dynamic is also true, and it is this self-fulfilling framework that has explained the extreme moves in TSLA stock in the past, and it is a helpful framework to think about how start-up EV automaker stocks may trade in the future.\n\nThe downside risks to the group chasing Tesla include drying up of low-cost capital, inability to convert orders into sales, and failure to ramp up production. Upside risks include customer enthusiasm for the vehicles, successful execution of business strategies and incremental government stimulus for EVs.\nRivian stock traded up 24% Thursday morning, to post a new high of $124.00. The low was set Wednesday at $95.20, well above the company’s IPO price of $78.\nElectric van maker Arrival S.A. (NASDAQ: ARVL) traded up more than 6% Thursday, at $14.27 in a 52-week range of $9.92 to $37.18.\nWorkhorse Group Inc. (NASDAQ: WKHS), another maker of delivery vans, traded up about 6.5% to $7.07, in a 52-week range of $6.02 to $42.96.\nChina-based Xpeng Inc. (NYSE: XPEV) traded up about 7% to $47.46, in a 52-week range of $22.73 to $74.49.\nLucid traded up more than 10%, at $44.98 in a 52-week range of $9.67 to $64.86.\nCanoo traded up about 5% to $8.50, in a 52-week range of $5.75 to $24.90.\nLordstown traded up about 14.5%, at $6.36 in a 52-week range of $4.64 to $31.57. Lordstown also closed the sale of its Ohio plant to Foxconn Wednesday, giving the shares an added boost.\nTesla traded up about by about 0.5% to $1,072.71, in a 52-week range of $301.66 to $1,243.49.\nLegacy automakers, virtually all of which have big plans for their own EV businesses with fewer moving parts, also traded higher Thursday morning. General Motors Co. (NYSE: GM) was up about 2.9%, at $60.96 in a 52-week range of $38.81 to $64.30, and Ford Motor Co. (NYSE: F) traded up about 1.2% to $19.60, in a 52-week range of $8.10 to $20.51.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6545066,"gmtCreate":1636681250869,"gmtModify":1636681250972,"authorId":3576533774112300,"author":{"id":3576533774112300,"idStr":"3576533774112300","authorId":3576533774112300,"name":"BellaEng","avatar":"https://static.tigerbbs.com/dde1682b37a7cdb8f3de06cedadd8083","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":879338858,"type":1,"supId":0,"prevId":0,"content":"<u>yup</u>","text":"<u>yup</u>","html":"<u>yup</u>"}],"langContent":"CN"},{"id":879333892,"gmtCreate":1636681026906,"gmtModify":1636681027030,"author":{"id":"4093785012982140","authorId":"4093785012982140","name":"seoinagepro","avatar":"https://static.tigerbbs.com/a3e9050fad3055efc22f5e148075b00b","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4093785012982140","authorIdStr":"4093785012982140"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/879333892","repostId":1182417400,"repostType":4,"repost":{"id":"1182417400","kind":"news","pubTimestamp":1636678298,"share":"https://www.laohu8.com/m/news/1182417400?lang=&edition=full","pubTime":"2021-11-12 08:51","market":"us","language":"en","title":"How Rivian's IPO Drove EV Stocks Higher Thursday","url":"https://stock-news.laohu8.com/highlight/detail?id=1182417400","media":"24/7 wall st","summary":"The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal com","content":"<p>The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all moving higher, thanks to Wednesday’s mammoth IPO of Rivian Automotive Inc. (NASDAQ: RIVN).</p>\n<p>Rivian, of course, was leading the pack, while the shares moving up the least were those of Tesla Inc. (NASDAQ: TSLA), the first and largest by far of EV makers. That’s after BofA Securities raised its price objective for Tesla from $1,000 to $1,200 on Wednesday. Analyst John <a href=\"https://laohu8.com/S/MUR\">Murphy</a> and his team also raised their price objectives for <a href=\"https://laohu8.com/S/LCID\">Lucid Group Inc</a>. (NASDAQ: LCID) from $30 to $60 and for <a href=\"https://laohu8.com/S/FSR\">Fisker Inc.</a> (NYSE: FSR) from $18 to $24. The firm gave Tesla and Fisker a Neutral rating while awarding Lucid a Buy rating.</p>\n<p>BofA also maintained its price objectives on two other EV makers. <a href=\"https://laohu8.com/S/GOEV\">Canoo Inc.</a> (NASDAQ: GOEV) and Lordstown Motors Group Inc. (NASDAQ: RIDE) both carry a $5 price objective and Underperform ratings.</p>\n<p>One interesting note in BofA’s analysis is its summation of Tesla’s dominance:</p>\n<blockquote>\n It is debatable whether any of the start-up EV automakers will ultimately be dominant over the long run, especially in a very competitive industry where the traditional automakers are also ramping up EV efforts. However, if a large global footprint can be built with no-cost capital, the “growth” story will likely continue to carry the day for the stocks. In fact, on our revised price objectives, our analysis suggests that a 10% dilutive equity raise for TSLA could fund 40+ incremental plants and 10mm+ units of capacity, which would make TSLA effectively the largest global automaker, while a 10% dilutive equity raise for LCID could fund 3+ incremental plants and 750k+ incremental units of capacity, which would make LCID a relatively large global luxury automaker.\n</blockquote>\n<p>Left unsaid there is that Lucid is never likely to catch up to, let alone pull ahead of, Tesla. That message also applies to Rivian, according to Murphy’s team:</p>\n<blockquote>\n As has proven [to be] the case for TSLA over the past decade plus, the higher the upward spiral of stocks for the EV OEMs, the cheaper capital becomes to fund growth, which is then rewarded by investors with a higher stock price. The inverse of this dynamic is also true, and it is this self-fulfilling framework that has explained the extreme moves in TSLA stock in the past, and it is a helpful framework to think about how start-up EV automaker stocks may trade in the future.\n</blockquote>\n<p>The downside risks to the group chasing Tesla include drying up of low-cost capital, inability to convert orders into sales, and failure to ramp up production. Upside risks include customer enthusiasm for the vehicles, successful execution of business strategies and incremental government stimulus for EVs.</p>\n<p>Rivian stock traded up 24% Thursday morning, to post a new high of $124.00. The low was set Wednesday at $95.20, well above the company’s IPO price of $78.</p>\n<p>Electric van maker <a href=\"https://laohu8.com/S/ARVL\">Arrival</a> S.A. (NASDAQ: ARVL) traded up more than 6% Thursday, at $14.27 in a 52-week range of $9.92 to $37.18.</p>\n<p><a href=\"https://laohu8.com/S/WKHS\">Workhorse</a> Group Inc. (NASDAQ: WKHS), another maker of delivery vans, traded up about 6.5% to $7.07, in a 52-week range of $6.02 to $42.96.</p>\n<p><a href=\"https://laohu8.com/S/CAAS\">China</a>-based Xpeng Inc. (NYSE: XPEV) traded up about 7% to $47.46, in a 52-week range of $22.73 to $74.49.</p>\n<p>Lucid traded up more than 10%, at $44.98 in a 52-week range of $9.67 to $64.86.</p>\n<p>Canoo traded up about 5% to $8.50, in a 52-week range of $5.75 to $24.90.</p>\n<p>Lordstown traded up about 14.5%, at $6.36 in a 52-week range of $4.64 to $31.57. Lordstown also closed the sale of its Ohio plant to Foxconn Wednesday, giving the shares an added boost.</p>\n<p>Tesla traded up about by about 0.5% to $1,072.71, in a 52-week range of $301.66 to $1,243.49.</p>\n<p>Legacy automakers, virtually all of which have big plans for their own EV businesses with fewer moving parts, also traded higher Thursday morning. <a href=\"https://laohu8.com/S/GM\">General Motors</a> Co. (NYSE: GM) was up about 2.9%, at $60.96 in a 52-week range of $38.81 to $64.30, and <a href=\"https://laohu8.com/S/F\">Ford</a> Motor Co. (NYSE: F) traded up about 1.2% to $19.60, in a 52-week range of $8.10 to $20.51.</p>","source":"lsy1636345238431","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Rivian's IPO Drove EV Stocks Higher Thursday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Rivian's IPO Drove EV Stocks Higher Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-12 08:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/><strong>24/7 wall st</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all ...</p>\n\n<a href=\"https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LCID":"Lucid Group Inc","XPEV":"小鹏汽车","WKHS":"Workhorse Group, Inc."},"source_url":"https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182417400","content_text":"The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all moving higher, thanks to Wednesday’s mammoth IPO of Rivian Automotive Inc. (NASDAQ: RIVN).\nRivian, of course, was leading the pack, while the shares moving up the least were those of Tesla Inc. (NASDAQ: TSLA), the first and largest by far of EV makers. That’s after BofA Securities raised its price objective for Tesla from $1,000 to $1,200 on Wednesday. Analyst John Murphy and his team also raised their price objectives for Lucid Group Inc. (NASDAQ: LCID) from $30 to $60 and for Fisker Inc. (NYSE: FSR) from $18 to $24. The firm gave Tesla and Fisker a Neutral rating while awarding Lucid a Buy rating.\nBofA also maintained its price objectives on two other EV makers. Canoo Inc. (NASDAQ: GOEV) and Lordstown Motors Group Inc. (NASDAQ: RIDE) both carry a $5 price objective and Underperform ratings.\nOne interesting note in BofA’s analysis is its summation of Tesla’s dominance:\n\n It is debatable whether any of the start-up EV automakers will ultimately be dominant over the long run, especially in a very competitive industry where the traditional automakers are also ramping up EV efforts. However, if a large global footprint can be built with no-cost capital, the “growth” story will likely continue to carry the day for the stocks. In fact, on our revised price objectives, our analysis suggests that a 10% dilutive equity raise for TSLA could fund 40+ incremental plants and 10mm+ units of capacity, which would make TSLA effectively the largest global automaker, while a 10% dilutive equity raise for LCID could fund 3+ incremental plants and 750k+ incremental units of capacity, which would make LCID a relatively large global luxury automaker.\n\nLeft unsaid there is that Lucid is never likely to catch up to, let alone pull ahead of, Tesla. That message also applies to Rivian, according to Murphy’s team:\n\n As has proven [to be] the case for TSLA over the past decade plus, the higher the upward spiral of stocks for the EV OEMs, the cheaper capital becomes to fund growth, which is then rewarded by investors with a higher stock price. The inverse of this dynamic is also true, and it is this self-fulfilling framework that has explained the extreme moves in TSLA stock in the past, and it is a helpful framework to think about how start-up EV automaker stocks may trade in the future.\n\nThe downside risks to the group chasing Tesla include drying up of low-cost capital, inability to convert orders into sales, and failure to ramp up production. Upside risks include customer enthusiasm for the vehicles, successful execution of business strategies and incremental government stimulus for EVs.\nRivian stock traded up 24% Thursday morning, to post a new high of $124.00. The low was set Wednesday at $95.20, well above the company’s IPO price of $78.\nElectric van maker Arrival S.A. (NASDAQ: ARVL) traded up more than 6% Thursday, at $14.27 in a 52-week range of $9.92 to $37.18.\nWorkhorse Group Inc. (NASDAQ: WKHS), another maker of delivery vans, traded up about 6.5% to $7.07, in a 52-week range of $6.02 to $42.96.\nChina-based Xpeng Inc. (NYSE: XPEV) traded up about 7% to $47.46, in a 52-week range of $22.73 to $74.49.\nLucid traded up more than 10%, at $44.98 in a 52-week range of $9.67 to $64.86.\nCanoo traded up about 5% to $8.50, in a 52-week range of $5.75 to $24.90.\nLordstown traded up about 14.5%, at $6.36 in a 52-week range of $4.64 to $31.57. Lordstown also closed the sale of its Ohio plant to Foxconn Wednesday, giving the shares an added boost.\nTesla traded up about by about 0.5% to $1,072.71, in a 52-week range of $301.66 to $1,243.49.\nLegacy automakers, virtually all of which have big plans for their own EV businesses with fewer moving parts, also traded higher Thursday morning. General Motors Co. (NYSE: GM) was up about 2.9%, at $60.96 in a 52-week range of $38.81 to $64.30, and Ford Motor Co. (NYSE: F) traded up about 1.2% to $19.60, in a 52-week range of $8.10 to $20.51.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":879330988,"gmtCreate":1636680912833,"gmtModify":1636680912926,"author":{"id":"4098779958579450","authorId":"4098779958579450","name":"alegnat","avatar":"https://static.tigerbbs.com/0b65474ba5def3228d410a0897eca025","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"4098779958579450","authorIdStr":"4098779958579450"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/879330988","repostId":1182417400,"repostType":4,"repost":{"id":"1182417400","kind":"news","pubTimestamp":1636678298,"share":"https://www.laohu8.com/m/news/1182417400?lang=&edition=full","pubTime":"2021-11-12 08:51","market":"us","language":"en","title":"How Rivian's IPO Drove EV Stocks Higher Thursday","url":"https://stock-news.laohu8.com/highlight/detail?id=1182417400","media":"24/7 wall st","summary":"The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal com","content":"<p>The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all moving higher, thanks to Wednesday’s mammoth IPO of Rivian Automotive Inc. (NASDAQ: RIVN).</p>\n<p>Rivian, of course, was leading the pack, while the shares moving up the least were those of Tesla Inc. (NASDAQ: TSLA), the first and largest by far of EV makers. That’s after BofA Securities raised its price objective for Tesla from $1,000 to $1,200 on Wednesday. Analyst John <a href=\"https://laohu8.com/S/MUR\">Murphy</a> and his team also raised their price objectives for <a href=\"https://laohu8.com/S/LCID\">Lucid Group Inc</a>. (NASDAQ: LCID) from $30 to $60 and for <a href=\"https://laohu8.com/S/FSR\">Fisker Inc.</a> (NYSE: FSR) from $18 to $24. The firm gave Tesla and Fisker a Neutral rating while awarding Lucid a Buy rating.</p>\n<p>BofA also maintained its price objectives on two other EV makers. <a href=\"https://laohu8.com/S/GOEV\">Canoo Inc.</a> (NASDAQ: GOEV) and Lordstown Motors Group Inc. (NASDAQ: RIDE) both carry a $5 price objective and Underperform ratings.</p>\n<p>One interesting note in BofA’s analysis is its summation of Tesla’s dominance:</p>\n<blockquote>\n It is debatable whether any of the start-up EV automakers will ultimately be dominant over the long run, especially in a very competitive industry where the traditional automakers are also ramping up EV efforts. However, if a large global footprint can be built with no-cost capital, the “growth” story will likely continue to carry the day for the stocks. In fact, on our revised price objectives, our analysis suggests that a 10% dilutive equity raise for TSLA could fund 40+ incremental plants and 10mm+ units of capacity, which would make TSLA effectively the largest global automaker, while a 10% dilutive equity raise for LCID could fund 3+ incremental plants and 750k+ incremental units of capacity, which would make LCID a relatively large global luxury automaker.\n</blockquote>\n<p>Left unsaid there is that Lucid is never likely to catch up to, let alone pull ahead of, Tesla. That message also applies to Rivian, according to Murphy’s team:</p>\n<blockquote>\n As has proven [to be] the case for TSLA over the past decade plus, the higher the upward spiral of stocks for the EV OEMs, the cheaper capital becomes to fund growth, which is then rewarded by investors with a higher stock price. The inverse of this dynamic is also true, and it is this self-fulfilling framework that has explained the extreme moves in TSLA stock in the past, and it is a helpful framework to think about how start-up EV automaker stocks may trade in the future.\n</blockquote>\n<p>The downside risks to the group chasing Tesla include drying up of low-cost capital, inability to convert orders into sales, and failure to ramp up production. Upside risks include customer enthusiasm for the vehicles, successful execution of business strategies and incremental government stimulus for EVs.</p>\n<p>Rivian stock traded up 24% Thursday morning, to post a new high of $124.00. The low was set Wednesday at $95.20, well above the company’s IPO price of $78.</p>\n<p>Electric van maker <a href=\"https://laohu8.com/S/ARVL\">Arrival</a> S.A. (NASDAQ: ARVL) traded up more than 6% Thursday, at $14.27 in a 52-week range of $9.92 to $37.18.</p>\n<p><a href=\"https://laohu8.com/S/WKHS\">Workhorse</a> Group Inc. (NASDAQ: WKHS), another maker of delivery vans, traded up about 6.5% to $7.07, in a 52-week range of $6.02 to $42.96.</p>\n<p><a href=\"https://laohu8.com/S/CAAS\">China</a>-based Xpeng Inc. (NYSE: XPEV) traded up about 7% to $47.46, in a 52-week range of $22.73 to $74.49.</p>\n<p>Lucid traded up more than 10%, at $44.98 in a 52-week range of $9.67 to $64.86.</p>\n<p>Canoo traded up about 5% to $8.50, in a 52-week range of $5.75 to $24.90.</p>\n<p>Lordstown traded up about 14.5%, at $6.36 in a 52-week range of $4.64 to $31.57. Lordstown also closed the sale of its Ohio plant to Foxconn Wednesday, giving the shares an added boost.</p>\n<p>Tesla traded up about by about 0.5% to $1,072.71, in a 52-week range of $301.66 to $1,243.49.</p>\n<p>Legacy automakers, virtually all of which have big plans for their own EV businesses with fewer moving parts, also traded higher Thursday morning. <a href=\"https://laohu8.com/S/GM\">General Motors</a> Co. (NYSE: GM) was up about 2.9%, at $60.96 in a 52-week range of $38.81 to $64.30, and <a href=\"https://laohu8.com/S/F\">Ford</a> Motor Co. (NYSE: F) traded up about 1.2% to $19.60, in a 52-week range of $8.10 to $20.51.</p>","source":"lsy1636345238431","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Rivian's IPO Drove EV Stocks Higher Thursday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Rivian's IPO Drove EV Stocks Higher Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-12 08:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/><strong>24/7 wall st</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all ...</p>\n\n<a href=\"https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LCID":"Lucid Group Inc","XPEV":"小鹏汽车","WKHS":"Workhorse Group, Inc."},"source_url":"https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182417400","content_text":"The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all moving higher, thanks to Wednesday’s mammoth IPO of Rivian Automotive Inc. (NASDAQ: RIVN).\nRivian, of course, was leading the pack, while the shares moving up the least were those of Tesla Inc. (NASDAQ: TSLA), the first and largest by far of EV makers. That’s after BofA Securities raised its price objective for Tesla from $1,000 to $1,200 on Wednesday. Analyst John Murphy and his team also raised their price objectives for Lucid Group Inc. (NASDAQ: LCID) from $30 to $60 and for Fisker Inc. (NYSE: FSR) from $18 to $24. The firm gave Tesla and Fisker a Neutral rating while awarding Lucid a Buy rating.\nBofA also maintained its price objectives on two other EV makers. Canoo Inc. (NASDAQ: GOEV) and Lordstown Motors Group Inc. (NASDAQ: RIDE) both carry a $5 price objective and Underperform ratings.\nOne interesting note in BofA’s analysis is its summation of Tesla’s dominance:\n\n It is debatable whether any of the start-up EV automakers will ultimately be dominant over the long run, especially in a very competitive industry where the traditional automakers are also ramping up EV efforts. However, if a large global footprint can be built with no-cost capital, the “growth” story will likely continue to carry the day for the stocks. In fact, on our revised price objectives, our analysis suggests that a 10% dilutive equity raise for TSLA could fund 40+ incremental plants and 10mm+ units of capacity, which would make TSLA effectively the largest global automaker, while a 10% dilutive equity raise for LCID could fund 3+ incremental plants and 750k+ incremental units of capacity, which would make LCID a relatively large global luxury automaker.\n\nLeft unsaid there is that Lucid is never likely to catch up to, let alone pull ahead of, Tesla. That message also applies to Rivian, according to Murphy’s team:\n\n As has proven [to be] the case for TSLA over the past decade plus, the higher the upward spiral of stocks for the EV OEMs, the cheaper capital becomes to fund growth, which is then rewarded by investors with a higher stock price. The inverse of this dynamic is also true, and it is this self-fulfilling framework that has explained the extreme moves in TSLA stock in the past, and it is a helpful framework to think about how start-up EV automaker stocks may trade in the future.\n\nThe downside risks to the group chasing Tesla include drying up of low-cost capital, inability to convert orders into sales, and failure to ramp up production. Upside risks include customer enthusiasm for the vehicles, successful execution of business strategies and incremental government stimulus for EVs.\nRivian stock traded up 24% Thursday morning, to post a new high of $124.00. The low was set Wednesday at $95.20, well above the company’s IPO price of $78.\nElectric van maker Arrival S.A. (NASDAQ: ARVL) traded up more than 6% Thursday, at $14.27 in a 52-week range of $9.92 to $37.18.\nWorkhorse Group Inc. (NASDAQ: WKHS), another maker of delivery vans, traded up about 6.5% to $7.07, in a 52-week range of $6.02 to $42.96.\nChina-based Xpeng Inc. (NYSE: XPEV) traded up about 7% to $47.46, in a 52-week range of $22.73 to $74.49.\nLucid traded up more than 10%, at $44.98 in a 52-week range of $9.67 to $64.86.\nCanoo traded up about 5% to $8.50, in a 52-week range of $5.75 to $24.90.\nLordstown traded up about 14.5%, at $6.36 in a 52-week range of $4.64 to $31.57. Lordstown also closed the sale of its Ohio plant to Foxconn Wednesday, giving the shares an added boost.\nTesla traded up about by about 0.5% to $1,072.71, in a 52-week range of $301.66 to $1,243.49.\nLegacy automakers, virtually all of which have big plans for their own EV businesses with fewer moving parts, also traded higher Thursday morning. General Motors Co. (NYSE: GM) was up about 2.9%, at $60.96 in a 52-week range of $38.81 to $64.30, and Ford Motor Co. (NYSE: F) traded up about 1.2% to $19.60, in a 52-week range of $8.10 to $20.51.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":879391193,"gmtCreate":1636680514911,"gmtModify":1636680516318,"author":{"id":"3578451349447391","authorId":"3578451349447391","name":"henghm","avatar":"https://static.tigerbbs.com/ca41bf4eae57d98d93422d97c7246c98","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3578451349447391","authorIdStr":"3578451349447391"},"htmlText":"Like and comments","listText":"Like and comments","text":"Like and comments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/879391193","repostId":1182417400,"repostType":4,"repost":{"id":"1182417400","kind":"news","pubTimestamp":1636678298,"share":"https://www.laohu8.com/m/news/1182417400?lang=&edition=full","pubTime":"2021-11-12 08:51","market":"us","language":"en","title":"How Rivian's IPO Drove EV Stocks Higher Thursday","url":"https://stock-news.laohu8.com/highlight/detail?id=1182417400","media":"24/7 wall st","summary":"The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal com","content":"<p>The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all moving higher, thanks to Wednesday’s mammoth IPO of Rivian Automotive Inc. (NASDAQ: RIVN).</p>\n<p>Rivian, of course, was leading the pack, while the shares moving up the least were those of Tesla Inc. (NASDAQ: TSLA), the first and largest by far of EV makers. That’s after BofA Securities raised its price objective for Tesla from $1,000 to $1,200 on Wednesday. Analyst John <a href=\"https://laohu8.com/S/MUR\">Murphy</a> and his team also raised their price objectives for <a href=\"https://laohu8.com/S/LCID\">Lucid Group Inc</a>. (NASDAQ: LCID) from $30 to $60 and for <a href=\"https://laohu8.com/S/FSR\">Fisker Inc.</a> (NYSE: FSR) from $18 to $24. The firm gave Tesla and Fisker a Neutral rating while awarding Lucid a Buy rating.</p>\n<p>BofA also maintained its price objectives on two other EV makers. <a href=\"https://laohu8.com/S/GOEV\">Canoo Inc.</a> (NASDAQ: GOEV) and Lordstown Motors Group Inc. (NASDAQ: RIDE) both carry a $5 price objective and Underperform ratings.</p>\n<p>One interesting note in BofA’s analysis is its summation of Tesla’s dominance:</p>\n<blockquote>\n It is debatable whether any of the start-up EV automakers will ultimately be dominant over the long run, especially in a very competitive industry where the traditional automakers are also ramping up EV efforts. However, if a large global footprint can be built with no-cost capital, the “growth” story will likely continue to carry the day for the stocks. In fact, on our revised price objectives, our analysis suggests that a 10% dilutive equity raise for TSLA could fund 40+ incremental plants and 10mm+ units of capacity, which would make TSLA effectively the largest global automaker, while a 10% dilutive equity raise for LCID could fund 3+ incremental plants and 750k+ incremental units of capacity, which would make LCID a relatively large global luxury automaker.\n</blockquote>\n<p>Left unsaid there is that Lucid is never likely to catch up to, let alone pull ahead of, Tesla. That message also applies to Rivian, according to Murphy’s team:</p>\n<blockquote>\n As has proven [to be] the case for TSLA over the past decade plus, the higher the upward spiral of stocks for the EV OEMs, the cheaper capital becomes to fund growth, which is then rewarded by investors with a higher stock price. The inverse of this dynamic is also true, and it is this self-fulfilling framework that has explained the extreme moves in TSLA stock in the past, and it is a helpful framework to think about how start-up EV automaker stocks may trade in the future.\n</blockquote>\n<p>The downside risks to the group chasing Tesla include drying up of low-cost capital, inability to convert orders into sales, and failure to ramp up production. Upside risks include customer enthusiasm for the vehicles, successful execution of business strategies and incremental government stimulus for EVs.</p>\n<p>Rivian stock traded up 24% Thursday morning, to post a new high of $124.00. The low was set Wednesday at $95.20, well above the company’s IPO price of $78.</p>\n<p>Electric van maker <a href=\"https://laohu8.com/S/ARVL\">Arrival</a> S.A. (NASDAQ: ARVL) traded up more than 6% Thursday, at $14.27 in a 52-week range of $9.92 to $37.18.</p>\n<p><a href=\"https://laohu8.com/S/WKHS\">Workhorse</a> Group Inc. (NASDAQ: WKHS), another maker of delivery vans, traded up about 6.5% to $7.07, in a 52-week range of $6.02 to $42.96.</p>\n<p><a href=\"https://laohu8.com/S/CAAS\">China</a>-based Xpeng Inc. (NYSE: XPEV) traded up about 7% to $47.46, in a 52-week range of $22.73 to $74.49.</p>\n<p>Lucid traded up more than 10%, at $44.98 in a 52-week range of $9.67 to $64.86.</p>\n<p>Canoo traded up about 5% to $8.50, in a 52-week range of $5.75 to $24.90.</p>\n<p>Lordstown traded up about 14.5%, at $6.36 in a 52-week range of $4.64 to $31.57. Lordstown also closed the sale of its Ohio plant to Foxconn Wednesday, giving the shares an added boost.</p>\n<p>Tesla traded up about by about 0.5% to $1,072.71, in a 52-week range of $301.66 to $1,243.49.</p>\n<p>Legacy automakers, virtually all of which have big plans for their own EV businesses with fewer moving parts, also traded higher Thursday morning. <a href=\"https://laohu8.com/S/GM\">General Motors</a> Co. (NYSE: GM) was up about 2.9%, at $60.96 in a 52-week range of $38.81 to $64.30, and <a href=\"https://laohu8.com/S/F\">Ford</a> Motor Co. (NYSE: F) traded up about 1.2% to $19.60, in a 52-week range of $8.10 to $20.51.</p>","source":"lsy1636345238431","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Rivian's IPO Drove EV Stocks Higher Thursday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Rivian's IPO Drove EV Stocks Higher Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-12 08:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/><strong>24/7 wall st</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all ...</p>\n\n<a href=\"https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LCID":"Lucid Group Inc","XPEV":"小鹏汽车","WKHS":"Workhorse Group, Inc."},"source_url":"https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182417400","content_text":"The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all moving higher, thanks to Wednesday’s mammoth IPO of Rivian Automotive Inc. (NASDAQ: RIVN).\nRivian, of course, was leading the pack, while the shares moving up the least were those of Tesla Inc. (NASDAQ: TSLA), the first and largest by far of EV makers. That’s after BofA Securities raised its price objective for Tesla from $1,000 to $1,200 on Wednesday. Analyst John Murphy and his team also raised their price objectives for Lucid Group Inc. (NASDAQ: LCID) from $30 to $60 and for Fisker Inc. (NYSE: FSR) from $18 to $24. The firm gave Tesla and Fisker a Neutral rating while awarding Lucid a Buy rating.\nBofA also maintained its price objectives on two other EV makers. Canoo Inc. (NASDAQ: GOEV) and Lordstown Motors Group Inc. (NASDAQ: RIDE) both carry a $5 price objective and Underperform ratings.\nOne interesting note in BofA’s analysis is its summation of Tesla’s dominance:\n\n It is debatable whether any of the start-up EV automakers will ultimately be dominant over the long run, especially in a very competitive industry where the traditional automakers are also ramping up EV efforts. However, if a large global footprint can be built with no-cost capital, the “growth” story will likely continue to carry the day for the stocks. In fact, on our revised price objectives, our analysis suggests that a 10% dilutive equity raise for TSLA could fund 40+ incremental plants and 10mm+ units of capacity, which would make TSLA effectively the largest global automaker, while a 10% dilutive equity raise for LCID could fund 3+ incremental plants and 750k+ incremental units of capacity, which would make LCID a relatively large global luxury automaker.\n\nLeft unsaid there is that Lucid is never likely to catch up to, let alone pull ahead of, Tesla. That message also applies to Rivian, according to Murphy’s team:\n\n As has proven [to be] the case for TSLA over the past decade plus, the higher the upward spiral of stocks for the EV OEMs, the cheaper capital becomes to fund growth, which is then rewarded by investors with a higher stock price. The inverse of this dynamic is also true, and it is this self-fulfilling framework that has explained the extreme moves in TSLA stock in the past, and it is a helpful framework to think about how start-up EV automaker stocks may trade in the future.\n\nThe downside risks to the group chasing Tesla include drying up of low-cost capital, inability to convert orders into sales, and failure to ramp up production. Upside risks include customer enthusiasm for the vehicles, successful execution of business strategies and incremental government stimulus for EVs.\nRivian stock traded up 24% Thursday morning, to post a new high of $124.00. The low was set Wednesday at $95.20, well above the company’s IPO price of $78.\nElectric van maker Arrival S.A. (NASDAQ: ARVL) traded up more than 6% Thursday, at $14.27 in a 52-week range of $9.92 to $37.18.\nWorkhorse Group Inc. (NASDAQ: WKHS), another maker of delivery vans, traded up about 6.5% to $7.07, in a 52-week range of $6.02 to $42.96.\nChina-based Xpeng Inc. (NYSE: XPEV) traded up about 7% to $47.46, in a 52-week range of $22.73 to $74.49.\nLucid traded up more than 10%, at $44.98 in a 52-week range of $9.67 to $64.86.\nCanoo traded up about 5% to $8.50, in a 52-week range of $5.75 to $24.90.\nLordstown traded up about 14.5%, at $6.36 in a 52-week range of $4.64 to $31.57. Lordstown also closed the sale of its Ohio plant to Foxconn Wednesday, giving the shares an added boost.\nTesla traded up about by about 0.5% to $1,072.71, in a 52-week range of $301.66 to $1,243.49.\nLegacy automakers, virtually all of which have big plans for their own EV businesses with fewer moving parts, also traded higher Thursday morning. General Motors Co. (NYSE: GM) was up about 2.9%, at $60.96 in a 52-week range of $38.81 to $64.30, and Ford Motor Co. (NYSE: F) traded up about 1.2% to $19.60, in a 52-week range of $8.10 to $20.51.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":879307882,"gmtCreate":1636680176987,"gmtModify":1636680177550,"author":{"id":"3560333139103013","authorId":"3560333139103013","name":"Missys","avatar":"https://static.tigerbbs.com/d75cdb42cbca99e3666b7b1796540245","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3560333139103013","authorIdStr":"3560333139103013"},"htmlText":"Ooo","listText":"Ooo","text":"Ooo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/879307882","repostId":1182417400,"repostType":4,"repost":{"id":"1182417400","kind":"news","pubTimestamp":1636678298,"share":"https://www.laohu8.com/m/news/1182417400?lang=&edition=full","pubTime":"2021-11-12 08:51","market":"us","language":"en","title":"How Rivian's IPO Drove EV Stocks Higher Thursday","url":"https://stock-news.laohu8.com/highlight/detail?id=1182417400","media":"24/7 wall st","summary":"The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal com","content":"<p>The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all moving higher, thanks to Wednesday’s mammoth IPO of Rivian Automotive Inc. (NASDAQ: RIVN).</p>\n<p>Rivian, of course, was leading the pack, while the shares moving up the least were those of Tesla Inc. (NASDAQ: TSLA), the first and largest by far of EV makers. That’s after BofA Securities raised its price objective for Tesla from $1,000 to $1,200 on Wednesday. Analyst John <a href=\"https://laohu8.com/S/MUR\">Murphy</a> and his team also raised their price objectives for <a href=\"https://laohu8.com/S/LCID\">Lucid Group Inc</a>. (NASDAQ: LCID) from $30 to $60 and for <a href=\"https://laohu8.com/S/FSR\">Fisker Inc.</a> (NYSE: FSR) from $18 to $24. The firm gave Tesla and Fisker a Neutral rating while awarding Lucid a Buy rating.</p>\n<p>BofA also maintained its price objectives on two other EV makers. <a href=\"https://laohu8.com/S/GOEV\">Canoo Inc.</a> (NASDAQ: GOEV) and Lordstown Motors Group Inc. (NASDAQ: RIDE) both carry a $5 price objective and Underperform ratings.</p>\n<p>One interesting note in BofA’s analysis is its summation of Tesla’s dominance:</p>\n<blockquote>\n It is debatable whether any of the start-up EV automakers will ultimately be dominant over the long run, especially in a very competitive industry where the traditional automakers are also ramping up EV efforts. However, if a large global footprint can be built with no-cost capital, the “growth” story will likely continue to carry the day for the stocks. In fact, on our revised price objectives, our analysis suggests that a 10% dilutive equity raise for TSLA could fund 40+ incremental plants and 10mm+ units of capacity, which would make TSLA effectively the largest global automaker, while a 10% dilutive equity raise for LCID could fund 3+ incremental plants and 750k+ incremental units of capacity, which would make LCID a relatively large global luxury automaker.\n</blockquote>\n<p>Left unsaid there is that Lucid is never likely to catch up to, let alone pull ahead of, Tesla. That message also applies to Rivian, according to Murphy’s team:</p>\n<blockquote>\n As has proven [to be] the case for TSLA over the past decade plus, the higher the upward spiral of stocks for the EV OEMs, the cheaper capital becomes to fund growth, which is then rewarded by investors with a higher stock price. The inverse of this dynamic is also true, and it is this self-fulfilling framework that has explained the extreme moves in TSLA stock in the past, and it is a helpful framework to think about how start-up EV automaker stocks may trade in the future.\n</blockquote>\n<p>The downside risks to the group chasing Tesla include drying up of low-cost capital, inability to convert orders into sales, and failure to ramp up production. Upside risks include customer enthusiasm for the vehicles, successful execution of business strategies and incremental government stimulus for EVs.</p>\n<p>Rivian stock traded up 24% Thursday morning, to post a new high of $124.00. The low was set Wednesday at $95.20, well above the company’s IPO price of $78.</p>\n<p>Electric van maker <a href=\"https://laohu8.com/S/ARVL\">Arrival</a> S.A. (NASDAQ: ARVL) traded up more than 6% Thursday, at $14.27 in a 52-week range of $9.92 to $37.18.</p>\n<p><a href=\"https://laohu8.com/S/WKHS\">Workhorse</a> Group Inc. (NASDAQ: WKHS), another maker of delivery vans, traded up about 6.5% to $7.07, in a 52-week range of $6.02 to $42.96.</p>\n<p><a href=\"https://laohu8.com/S/CAAS\">China</a>-based Xpeng Inc. (NYSE: XPEV) traded up about 7% to $47.46, in a 52-week range of $22.73 to $74.49.</p>\n<p>Lucid traded up more than 10%, at $44.98 in a 52-week range of $9.67 to $64.86.</p>\n<p>Canoo traded up about 5% to $8.50, in a 52-week range of $5.75 to $24.90.</p>\n<p>Lordstown traded up about 14.5%, at $6.36 in a 52-week range of $4.64 to $31.57. Lordstown also closed the sale of its Ohio plant to Foxconn Wednesday, giving the shares an added boost.</p>\n<p>Tesla traded up about by about 0.5% to $1,072.71, in a 52-week range of $301.66 to $1,243.49.</p>\n<p>Legacy automakers, virtually all of which have big plans for their own EV businesses with fewer moving parts, also traded higher Thursday morning. <a href=\"https://laohu8.com/S/GM\">General Motors</a> Co. (NYSE: GM) was up about 2.9%, at $60.96 in a 52-week range of $38.81 to $64.30, and <a href=\"https://laohu8.com/S/F\">Ford</a> Motor Co. (NYSE: F) traded up about 1.2% to $19.60, in a 52-week range of $8.10 to $20.51.</p>","source":"lsy1636345238431","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Rivian's IPO Drove EV Stocks Higher Thursday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Rivian's IPO Drove EV Stocks Higher Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-12 08:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/><strong>24/7 wall st</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all ...</p>\n\n<a href=\"https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LCID":"Lucid Group Inc","XPEV":"小鹏汽车","WKHS":"Workhorse Group, Inc."},"source_url":"https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182417400","content_text":"The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all moving higher, thanks to Wednesday’s mammoth IPO of Rivian Automotive Inc. (NASDAQ: RIVN).\nRivian, of course, was leading the pack, while the shares moving up the least were those of Tesla Inc. (NASDAQ: TSLA), the first and largest by far of EV makers. That’s after BofA Securities raised its price objective for Tesla from $1,000 to $1,200 on Wednesday. Analyst John Murphy and his team also raised their price objectives for Lucid Group Inc. (NASDAQ: LCID) from $30 to $60 and for Fisker Inc. (NYSE: FSR) from $18 to $24. The firm gave Tesla and Fisker a Neutral rating while awarding Lucid a Buy rating.\nBofA also maintained its price objectives on two other EV makers. Canoo Inc. (NASDAQ: GOEV) and Lordstown Motors Group Inc. (NASDAQ: RIDE) both carry a $5 price objective and Underperform ratings.\nOne interesting note in BofA’s analysis is its summation of Tesla’s dominance:\n\n It is debatable whether any of the start-up EV automakers will ultimately be dominant over the long run, especially in a very competitive industry where the traditional automakers are also ramping up EV efforts. However, if a large global footprint can be built with no-cost capital, the “growth” story will likely continue to carry the day for the stocks. In fact, on our revised price objectives, our analysis suggests that a 10% dilutive equity raise for TSLA could fund 40+ incremental plants and 10mm+ units of capacity, which would make TSLA effectively the largest global automaker, while a 10% dilutive equity raise for LCID could fund 3+ incremental plants and 750k+ incremental units of capacity, which would make LCID a relatively large global luxury automaker.\n\nLeft unsaid there is that Lucid is never likely to catch up to, let alone pull ahead of, Tesla. That message also applies to Rivian, according to Murphy’s team:\n\n As has proven [to be] the case for TSLA over the past decade plus, the higher the upward spiral of stocks for the EV OEMs, the cheaper capital becomes to fund growth, which is then rewarded by investors with a higher stock price. The inverse of this dynamic is also true, and it is this self-fulfilling framework that has explained the extreme moves in TSLA stock in the past, and it is a helpful framework to think about how start-up EV automaker stocks may trade in the future.\n\nThe downside risks to the group chasing Tesla include drying up of low-cost capital, inability to convert orders into sales, and failure to ramp up production. Upside risks include customer enthusiasm for the vehicles, successful execution of business strategies and incremental government stimulus for EVs.\nRivian stock traded up 24% Thursday morning, to post a new high of $124.00. The low was set Wednesday at $95.20, well above the company’s IPO price of $78.\nElectric van maker Arrival S.A. (NASDAQ: ARVL) traded up more than 6% Thursday, at $14.27 in a 52-week range of $9.92 to $37.18.\nWorkhorse Group Inc. (NASDAQ: WKHS), another maker of delivery vans, traded up about 6.5% to $7.07, in a 52-week range of $6.02 to $42.96.\nChina-based Xpeng Inc. (NYSE: XPEV) traded up about 7% to $47.46, in a 52-week range of $22.73 to $74.49.\nLucid traded up more than 10%, at $44.98 in a 52-week range of $9.67 to $64.86.\nCanoo traded up about 5% to $8.50, in a 52-week range of $5.75 to $24.90.\nLordstown traded up about 14.5%, at $6.36 in a 52-week range of $4.64 to $31.57. Lordstown also closed the sale of its Ohio plant to Foxconn Wednesday, giving the shares an added boost.\nTesla traded up about by about 0.5% to $1,072.71, in a 52-week range of $301.66 to $1,243.49.\nLegacy automakers, virtually all of which have big plans for their own EV businesses with fewer moving parts, also traded higher Thursday morning. General Motors Co. (NYSE: GM) was up about 2.9%, at $60.96 in a 52-week range of $38.81 to $64.30, and Ford Motor Co. (NYSE: F) traded up about 1.2% to $19.60, in a 52-week range of $8.10 to $20.51.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6544904,"gmtCreate":1636680527531,"gmtModify":1636680527624,"authorId":3578451349447391,"author":{"id":3578451349447391,"idStr":"3578451349447391","authorId":3578451349447391,"name":"henghm","avatar":"https://static.tigerbbs.com/ca41bf4eae57d98d93422d97c7246c98","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":879307882,"type":1,"supId":0,"prevId":0,"content":"like and comments","text":"like and comments","html":"like and comments"}],"langContent":"CN"},{"id":879302978,"gmtCreate":1636680044378,"gmtModify":1636680044912,"author":{"id":"3585354270249282","authorId":"3585354270249282","name":"MuppyKoh","avatar":"https://static.tigerbbs.com/280b63f52e5976fb134c31bfb22ec07d","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3585354270249282","authorIdStr":"3585354270249282"},"htmlText":"Please like","listText":"Please like","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/879302978","repostId":1182417400,"repostType":4,"repost":{"id":"1182417400","kind":"news","pubTimestamp":1636678298,"share":"https://www.laohu8.com/m/news/1182417400?lang=&edition=full","pubTime":"2021-11-12 08:51","market":"us","language":"en","title":"How Rivian's IPO Drove EV Stocks Higher Thursday","url":"https://stock-news.laohu8.com/highlight/detail?id=1182417400","media":"24/7 wall st","summary":"The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal com","content":"<p>The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all moving higher, thanks to Wednesday’s mammoth IPO of Rivian Automotive Inc. (NASDAQ: RIVN).</p>\n<p>Rivian, of course, was leading the pack, while the shares moving up the least were those of Tesla Inc. (NASDAQ: TSLA), the first and largest by far of EV makers. That’s after BofA Securities raised its price objective for Tesla from $1,000 to $1,200 on Wednesday. Analyst John <a href=\"https://laohu8.com/S/MUR\">Murphy</a> and his team also raised their price objectives for <a href=\"https://laohu8.com/S/LCID\">Lucid Group Inc</a>. (NASDAQ: LCID) from $30 to $60 and for <a href=\"https://laohu8.com/S/FSR\">Fisker Inc.</a> (NYSE: FSR) from $18 to $24. The firm gave Tesla and Fisker a Neutral rating while awarding Lucid a Buy rating.</p>\n<p>BofA also maintained its price objectives on two other EV makers. <a href=\"https://laohu8.com/S/GOEV\">Canoo Inc.</a> (NASDAQ: GOEV) and Lordstown Motors Group Inc. (NASDAQ: RIDE) both carry a $5 price objective and Underperform ratings.</p>\n<p>One interesting note in BofA’s analysis is its summation of Tesla’s dominance:</p>\n<blockquote>\n It is debatable whether any of the start-up EV automakers will ultimately be dominant over the long run, especially in a very competitive industry where the traditional automakers are also ramping up EV efforts. However, if a large global footprint can be built with no-cost capital, the “growth” story will likely continue to carry the day for the stocks. In fact, on our revised price objectives, our analysis suggests that a 10% dilutive equity raise for TSLA could fund 40+ incremental plants and 10mm+ units of capacity, which would make TSLA effectively the largest global automaker, while a 10% dilutive equity raise for LCID could fund 3+ incremental plants and 750k+ incremental units of capacity, which would make LCID a relatively large global luxury automaker.\n</blockquote>\n<p>Left unsaid there is that Lucid is never likely to catch up to, let alone pull ahead of, Tesla. That message also applies to Rivian, according to Murphy’s team:</p>\n<blockquote>\n As has proven [to be] the case for TSLA over the past decade plus, the higher the upward spiral of stocks for the EV OEMs, the cheaper capital becomes to fund growth, which is then rewarded by investors with a higher stock price. The inverse of this dynamic is also true, and it is this self-fulfilling framework that has explained the extreme moves in TSLA stock in the past, and it is a helpful framework to think about how start-up EV automaker stocks may trade in the future.\n</blockquote>\n<p>The downside risks to the group chasing Tesla include drying up of low-cost capital, inability to convert orders into sales, and failure to ramp up production. Upside risks include customer enthusiasm for the vehicles, successful execution of business strategies and incremental government stimulus for EVs.</p>\n<p>Rivian stock traded up 24% Thursday morning, to post a new high of $124.00. The low was set Wednesday at $95.20, well above the company’s IPO price of $78.</p>\n<p>Electric van maker <a href=\"https://laohu8.com/S/ARVL\">Arrival</a> S.A. (NASDAQ: ARVL) traded up more than 6% Thursday, at $14.27 in a 52-week range of $9.92 to $37.18.</p>\n<p><a href=\"https://laohu8.com/S/WKHS\">Workhorse</a> Group Inc. (NASDAQ: WKHS), another maker of delivery vans, traded up about 6.5% to $7.07, in a 52-week range of $6.02 to $42.96.</p>\n<p><a href=\"https://laohu8.com/S/CAAS\">China</a>-based Xpeng Inc. (NYSE: XPEV) traded up about 7% to $47.46, in a 52-week range of $22.73 to $74.49.</p>\n<p>Lucid traded up more than 10%, at $44.98 in a 52-week range of $9.67 to $64.86.</p>\n<p>Canoo traded up about 5% to $8.50, in a 52-week range of $5.75 to $24.90.</p>\n<p>Lordstown traded up about 14.5%, at $6.36 in a 52-week range of $4.64 to $31.57. Lordstown also closed the sale of its Ohio plant to Foxconn Wednesday, giving the shares an added boost.</p>\n<p>Tesla traded up about by about 0.5% to $1,072.71, in a 52-week range of $301.66 to $1,243.49.</p>\n<p>Legacy automakers, virtually all of which have big plans for their own EV businesses with fewer moving parts, also traded higher Thursday morning. <a href=\"https://laohu8.com/S/GM\">General Motors</a> Co. (NYSE: GM) was up about 2.9%, at $60.96 in a 52-week range of $38.81 to $64.30, and <a href=\"https://laohu8.com/S/F\">Ford</a> Motor Co. (NYSE: F) traded up about 1.2% to $19.60, in a 52-week range of $8.10 to $20.51.</p>","source":"lsy1636345238431","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Rivian's IPO Drove EV Stocks Higher Thursday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Rivian's IPO Drove EV Stocks Higher Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-12 08:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/><strong>24/7 wall st</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all ...</p>\n\n<a href=\"https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LCID":"Lucid Group Inc","XPEV":"小鹏汽车","WKHS":"Workhorse Group, Inc."},"source_url":"https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182417400","content_text":"The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all moving higher, thanks to Wednesday’s mammoth IPO of Rivian Automotive Inc. (NASDAQ: RIVN).\nRivian, of course, was leading the pack, while the shares moving up the least were those of Tesla Inc. (NASDAQ: TSLA), the first and largest by far of EV makers. That’s after BofA Securities raised its price objective for Tesla from $1,000 to $1,200 on Wednesday. Analyst John Murphy and his team also raised their price objectives for Lucid Group Inc. (NASDAQ: LCID) from $30 to $60 and for Fisker Inc. (NYSE: FSR) from $18 to $24. The firm gave Tesla and Fisker a Neutral rating while awarding Lucid a Buy rating.\nBofA also maintained its price objectives on two other EV makers. Canoo Inc. (NASDAQ: GOEV) and Lordstown Motors Group Inc. (NASDAQ: RIDE) both carry a $5 price objective and Underperform ratings.\nOne interesting note in BofA’s analysis is its summation of Tesla’s dominance:\n\n It is debatable whether any of the start-up EV automakers will ultimately be dominant over the long run, especially in a very competitive industry where the traditional automakers are also ramping up EV efforts. However, if a large global footprint can be built with no-cost capital, the “growth” story will likely continue to carry the day for the stocks. In fact, on our revised price objectives, our analysis suggests that a 10% dilutive equity raise for TSLA could fund 40+ incremental plants and 10mm+ units of capacity, which would make TSLA effectively the largest global automaker, while a 10% dilutive equity raise for LCID could fund 3+ incremental plants and 750k+ incremental units of capacity, which would make LCID a relatively large global luxury automaker.\n\nLeft unsaid there is that Lucid is never likely to catch up to, let alone pull ahead of, Tesla. That message also applies to Rivian, according to Murphy’s team:\n\n As has proven [to be] the case for TSLA over the past decade plus, the higher the upward spiral of stocks for the EV OEMs, the cheaper capital becomes to fund growth, which is then rewarded by investors with a higher stock price. The inverse of this dynamic is also true, and it is this self-fulfilling framework that has explained the extreme moves in TSLA stock in the past, and it is a helpful framework to think about how start-up EV automaker stocks may trade in the future.\n\nThe downside risks to the group chasing Tesla include drying up of low-cost capital, inability to convert orders into sales, and failure to ramp up production. Upside risks include customer enthusiasm for the vehicles, successful execution of business strategies and incremental government stimulus for EVs.\nRivian stock traded up 24% Thursday morning, to post a new high of $124.00. The low was set Wednesday at $95.20, well above the company’s IPO price of $78.\nElectric van maker Arrival S.A. (NASDAQ: ARVL) traded up more than 6% Thursday, at $14.27 in a 52-week range of $9.92 to $37.18.\nWorkhorse Group Inc. (NASDAQ: WKHS), another maker of delivery vans, traded up about 6.5% to $7.07, in a 52-week range of $6.02 to $42.96.\nChina-based Xpeng Inc. (NYSE: XPEV) traded up about 7% to $47.46, in a 52-week range of $22.73 to $74.49.\nLucid traded up more than 10%, at $44.98 in a 52-week range of $9.67 to $64.86.\nCanoo traded up about 5% to $8.50, in a 52-week range of $5.75 to $24.90.\nLordstown traded up about 14.5%, at $6.36 in a 52-week range of $4.64 to $31.57. Lordstown also closed the sale of its Ohio plant to Foxconn Wednesday, giving the shares an added boost.\nTesla traded up about by about 0.5% to $1,072.71, in a 52-week range of $301.66 to $1,243.49.\nLegacy automakers, virtually all of which have big plans for their own EV businesses with fewer moving parts, also traded higher Thursday morning. General Motors Co. (NYSE: GM) was up about 2.9%, at $60.96 in a 52-week range of $38.81 to $64.30, and Ford Motor Co. (NYSE: F) traded up about 1.2% to $19.60, in a 52-week range of $8.10 to $20.51.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":879974510,"gmtCreate":1636679623758,"gmtModify":1636679646785,"author":{"id":"3581556523917541","authorId":"3581556523917541","name":"crtyn","avatar":"https://static.tigerbbs.com/62554f7ddf70dc78b9e6f2cc7c56c702","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581556523917541","authorIdStr":"3581556523917541"},"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/879974510","repostId":1182417400,"repostType":4,"repost":{"id":"1182417400","kind":"news","pubTimestamp":1636678298,"share":"https://www.laohu8.com/m/news/1182417400?lang=&edition=full","pubTime":"2021-11-12 08:51","market":"us","language":"en","title":"How Rivian's IPO Drove EV Stocks Higher Thursday","url":"https://stock-news.laohu8.com/highlight/detail?id=1182417400","media":"24/7 wall st","summary":"The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal com","content":"<p>The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all moving higher, thanks to Wednesday’s mammoth IPO of Rivian Automotive Inc. (NASDAQ: RIVN).</p>\n<p>Rivian, of course, was leading the pack, while the shares moving up the least were those of Tesla Inc. (NASDAQ: TSLA), the first and largest by far of EV makers. That’s after BofA Securities raised its price objective for Tesla from $1,000 to $1,200 on Wednesday. Analyst John <a href=\"https://laohu8.com/S/MUR\">Murphy</a> and his team also raised their price objectives for <a href=\"https://laohu8.com/S/LCID\">Lucid Group Inc</a>. (NASDAQ: LCID) from $30 to $60 and for <a href=\"https://laohu8.com/S/FSR\">Fisker Inc.</a> (NYSE: FSR) from $18 to $24. The firm gave Tesla and Fisker a Neutral rating while awarding Lucid a Buy rating.</p>\n<p>BofA also maintained its price objectives on two other EV makers. <a href=\"https://laohu8.com/S/GOEV\">Canoo Inc.</a> (NASDAQ: GOEV) and Lordstown Motors Group Inc. (NASDAQ: RIDE) both carry a $5 price objective and Underperform ratings.</p>\n<p>One interesting note in BofA’s analysis is its summation of Tesla’s dominance:</p>\n<blockquote>\n It is debatable whether any of the start-up EV automakers will ultimately be dominant over the long run, especially in a very competitive industry where the traditional automakers are also ramping up EV efforts. However, if a large global footprint can be built with no-cost capital, the “growth” story will likely continue to carry the day for the stocks. In fact, on our revised price objectives, our analysis suggests that a 10% dilutive equity raise for TSLA could fund 40+ incremental plants and 10mm+ units of capacity, which would make TSLA effectively the largest global automaker, while a 10% dilutive equity raise for LCID could fund 3+ incremental plants and 750k+ incremental units of capacity, which would make LCID a relatively large global luxury automaker.\n</blockquote>\n<p>Left unsaid there is that Lucid is never likely to catch up to, let alone pull ahead of, Tesla. That message also applies to Rivian, according to Murphy’s team:</p>\n<blockquote>\n As has proven [to be] the case for TSLA over the past decade plus, the higher the upward spiral of stocks for the EV OEMs, the cheaper capital becomes to fund growth, which is then rewarded by investors with a higher stock price. The inverse of this dynamic is also true, and it is this self-fulfilling framework that has explained the extreme moves in TSLA stock in the past, and it is a helpful framework to think about how start-up EV automaker stocks may trade in the future.\n</blockquote>\n<p>The downside risks to the group chasing Tesla include drying up of low-cost capital, inability to convert orders into sales, and failure to ramp up production. Upside risks include customer enthusiasm for the vehicles, successful execution of business strategies and incremental government stimulus for EVs.</p>\n<p>Rivian stock traded up 24% Thursday morning, to post a new high of $124.00. The low was set Wednesday at $95.20, well above the company’s IPO price of $78.</p>\n<p>Electric van maker <a href=\"https://laohu8.com/S/ARVL\">Arrival</a> S.A. (NASDAQ: ARVL) traded up more than 6% Thursday, at $14.27 in a 52-week range of $9.92 to $37.18.</p>\n<p><a href=\"https://laohu8.com/S/WKHS\">Workhorse</a> Group Inc. (NASDAQ: WKHS), another maker of delivery vans, traded up about 6.5% to $7.07, in a 52-week range of $6.02 to $42.96.</p>\n<p><a href=\"https://laohu8.com/S/CAAS\">China</a>-based Xpeng Inc. (NYSE: XPEV) traded up about 7% to $47.46, in a 52-week range of $22.73 to $74.49.</p>\n<p>Lucid traded up more than 10%, at $44.98 in a 52-week range of $9.67 to $64.86.</p>\n<p>Canoo traded up about 5% to $8.50, in a 52-week range of $5.75 to $24.90.</p>\n<p>Lordstown traded up about 14.5%, at $6.36 in a 52-week range of $4.64 to $31.57. Lordstown also closed the sale of its Ohio plant to Foxconn Wednesday, giving the shares an added boost.</p>\n<p>Tesla traded up about by about 0.5% to $1,072.71, in a 52-week range of $301.66 to $1,243.49.</p>\n<p>Legacy automakers, virtually all of which have big plans for their own EV businesses with fewer moving parts, also traded higher Thursday morning. <a href=\"https://laohu8.com/S/GM\">General Motors</a> Co. (NYSE: GM) was up about 2.9%, at $60.96 in a 52-week range of $38.81 to $64.30, and <a href=\"https://laohu8.com/S/F\">Ford</a> Motor Co. (NYSE: F) traded up about 1.2% to $19.60, in a 52-week range of $8.10 to $20.51.</p>","source":"lsy1636345238431","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Rivian's IPO Drove EV Stocks Higher Thursday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Rivian's IPO Drove EV Stocks Higher Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-12 08:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/><strong>24/7 wall st</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all ...</p>\n\n<a href=\"https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LCID":"Lucid Group Inc","XPEV":"小鹏汽车","WKHS":"Workhorse Group, Inc."},"source_url":"https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182417400","content_text":"The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all moving higher, thanks to Wednesday’s mammoth IPO of Rivian Automotive Inc. (NASDAQ: RIVN).\nRivian, of course, was leading the pack, while the shares moving up the least were those of Tesla Inc. (NASDAQ: TSLA), the first and largest by far of EV makers. That’s after BofA Securities raised its price objective for Tesla from $1,000 to $1,200 on Wednesday. Analyst John Murphy and his team also raised their price objectives for Lucid Group Inc. (NASDAQ: LCID) from $30 to $60 and for Fisker Inc. (NYSE: FSR) from $18 to $24. The firm gave Tesla and Fisker a Neutral rating while awarding Lucid a Buy rating.\nBofA also maintained its price objectives on two other EV makers. Canoo Inc. (NASDAQ: GOEV) and Lordstown Motors Group Inc. (NASDAQ: RIDE) both carry a $5 price objective and Underperform ratings.\nOne interesting note in BofA’s analysis is its summation of Tesla’s dominance:\n\n It is debatable whether any of the start-up EV automakers will ultimately be dominant over the long run, especially in a very competitive industry where the traditional automakers are also ramping up EV efforts. However, if a large global footprint can be built with no-cost capital, the “growth” story will likely continue to carry the day for the stocks. In fact, on our revised price objectives, our analysis suggests that a 10% dilutive equity raise for TSLA could fund 40+ incremental plants and 10mm+ units of capacity, which would make TSLA effectively the largest global automaker, while a 10% dilutive equity raise for LCID could fund 3+ incremental plants and 750k+ incremental units of capacity, which would make LCID a relatively large global luxury automaker.\n\nLeft unsaid there is that Lucid is never likely to catch up to, let alone pull ahead of, Tesla. That message also applies to Rivian, according to Murphy’s team:\n\n As has proven [to be] the case for TSLA over the past decade plus, the higher the upward spiral of stocks for the EV OEMs, the cheaper capital becomes to fund growth, which is then rewarded by investors with a higher stock price. The inverse of this dynamic is also true, and it is this self-fulfilling framework that has explained the extreme moves in TSLA stock in the past, and it is a helpful framework to think about how start-up EV automaker stocks may trade in the future.\n\nThe downside risks to the group chasing Tesla include drying up of low-cost capital, inability to convert orders into sales, and failure to ramp up production. Upside risks include customer enthusiasm for the vehicles, successful execution of business strategies and incremental government stimulus for EVs.\nRivian stock traded up 24% Thursday morning, to post a new high of $124.00. The low was set Wednesday at $95.20, well above the company’s IPO price of $78.\nElectric van maker Arrival S.A. (NASDAQ: ARVL) traded up more than 6% Thursday, at $14.27 in a 52-week range of $9.92 to $37.18.\nWorkhorse Group Inc. (NASDAQ: WKHS), another maker of delivery vans, traded up about 6.5% to $7.07, in a 52-week range of $6.02 to $42.96.\nChina-based Xpeng Inc. (NYSE: XPEV) traded up about 7% to $47.46, in a 52-week range of $22.73 to $74.49.\nLucid traded up more than 10%, at $44.98 in a 52-week range of $9.67 to $64.86.\nCanoo traded up about 5% to $8.50, in a 52-week range of $5.75 to $24.90.\nLordstown traded up about 14.5%, at $6.36 in a 52-week range of $4.64 to $31.57. Lordstown also closed the sale of its Ohio plant to Foxconn Wednesday, giving the shares an added boost.\nTesla traded up about by about 0.5% to $1,072.71, in a 52-week range of $301.66 to $1,243.49.\nLegacy automakers, virtually all of which have big plans for their own EV businesses with fewer moving parts, also traded higher Thursday morning. General Motors Co. (NYSE: GM) was up about 2.9%, at $60.96 in a 52-week range of $38.81 to $64.30, and Ford Motor Co. (NYSE: F) traded up about 1.2% to $19.60, in a 52-week range of $8.10 to $20.51.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":879976222,"gmtCreate":1636679415165,"gmtModify":1636679631901,"author":{"id":"3581996485604595","authorId":"3581996485604595","name":"BigThumb","avatar":"https://static.tigerbbs.com/d9366427dbceb4a03b5342d31b6c3aaa","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581996485604595","authorIdStr":"3581996485604595"},"htmlText":"Interesting! [Smile]&nbsp;","listText":"Interesting! [Smile]&nbsp;","text":"Interesting! [Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/879976222","repostId":1182417400,"repostType":4,"repost":{"id":"1182417400","kind":"news","pubTimestamp":1636678298,"share":"https://www.laohu8.com/m/news/1182417400?lang=&edition=full","pubTime":"2021-11-12 08:51","market":"us","language":"en","title":"How Rivian's IPO Drove EV Stocks Higher Thursday","url":"https://stock-news.laohu8.com/highlight/detail?id=1182417400","media":"24/7 wall st","summary":"The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal com","content":"<p>The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all moving higher, thanks to Wednesday’s mammoth IPO of Rivian Automotive Inc. (NASDAQ: RIVN).</p>\n<p>Rivian, of course, was leading the pack, while the shares moving up the least were those of Tesla Inc. (NASDAQ: TSLA), the first and largest by far of EV makers. That’s after BofA Securities raised its price objective for Tesla from $1,000 to $1,200 on Wednesday. Analyst John <a href=\"https://laohu8.com/S/MUR\">Murphy</a> and his team also raised their price objectives for <a href=\"https://laohu8.com/S/LCID\">Lucid Group Inc</a>. (NASDAQ: LCID) from $30 to $60 and for <a href=\"https://laohu8.com/S/FSR\">Fisker Inc.</a> (NYSE: FSR) from $18 to $24. The firm gave Tesla and Fisker a Neutral rating while awarding Lucid a Buy rating.</p>\n<p>BofA also maintained its price objectives on two other EV makers. <a href=\"https://laohu8.com/S/GOEV\">Canoo Inc.</a> (NASDAQ: GOEV) and Lordstown Motors Group Inc. (NASDAQ: RIDE) both carry a $5 price objective and Underperform ratings.</p>\n<p>One interesting note in BofA’s analysis is its summation of Tesla’s dominance:</p>\n<blockquote>\n It is debatable whether any of the start-up EV automakers will ultimately be dominant over the long run, especially in a very competitive industry where the traditional automakers are also ramping up EV efforts. However, if a large global footprint can be built with no-cost capital, the “growth” story will likely continue to carry the day for the stocks. In fact, on our revised price objectives, our analysis suggests that a 10% dilutive equity raise for TSLA could fund 40+ incremental plants and 10mm+ units of capacity, which would make TSLA effectively the largest global automaker, while a 10% dilutive equity raise for LCID could fund 3+ incremental plants and 750k+ incremental units of capacity, which would make LCID a relatively large global luxury automaker.\n</blockquote>\n<p>Left unsaid there is that Lucid is never likely to catch up to, let alone pull ahead of, Tesla. That message also applies to Rivian, according to Murphy’s team:</p>\n<blockquote>\n As has proven [to be] the case for TSLA over the past decade plus, the higher the upward spiral of stocks for the EV OEMs, the cheaper capital becomes to fund growth, which is then rewarded by investors with a higher stock price. The inverse of this dynamic is also true, and it is this self-fulfilling framework that has explained the extreme moves in TSLA stock in the past, and it is a helpful framework to think about how start-up EV automaker stocks may trade in the future.\n</blockquote>\n<p>The downside risks to the group chasing Tesla include drying up of low-cost capital, inability to convert orders into sales, and failure to ramp up production. Upside risks include customer enthusiasm for the vehicles, successful execution of business strategies and incremental government stimulus for EVs.</p>\n<p>Rivian stock traded up 24% Thursday morning, to post a new high of $124.00. The low was set Wednesday at $95.20, well above the company’s IPO price of $78.</p>\n<p>Electric van maker <a href=\"https://laohu8.com/S/ARVL\">Arrival</a> S.A. (NASDAQ: ARVL) traded up more than 6% Thursday, at $14.27 in a 52-week range of $9.92 to $37.18.</p>\n<p><a href=\"https://laohu8.com/S/WKHS\">Workhorse</a> Group Inc. (NASDAQ: WKHS), another maker of delivery vans, traded up about 6.5% to $7.07, in a 52-week range of $6.02 to $42.96.</p>\n<p><a href=\"https://laohu8.com/S/CAAS\">China</a>-based Xpeng Inc. (NYSE: XPEV) traded up about 7% to $47.46, in a 52-week range of $22.73 to $74.49.</p>\n<p>Lucid traded up more than 10%, at $44.98 in a 52-week range of $9.67 to $64.86.</p>\n<p>Canoo traded up about 5% to $8.50, in a 52-week range of $5.75 to $24.90.</p>\n<p>Lordstown traded up about 14.5%, at $6.36 in a 52-week range of $4.64 to $31.57. Lordstown also closed the sale of its Ohio plant to Foxconn Wednesday, giving the shares an added boost.</p>\n<p>Tesla traded up about by about 0.5% to $1,072.71, in a 52-week range of $301.66 to $1,243.49.</p>\n<p>Legacy automakers, virtually all of which have big plans for their own EV businesses with fewer moving parts, also traded higher Thursday morning. <a href=\"https://laohu8.com/S/GM\">General Motors</a> Co. (NYSE: GM) was up about 2.9%, at $60.96 in a 52-week range of $38.81 to $64.30, and <a href=\"https://laohu8.com/S/F\">Ford</a> Motor Co. (NYSE: F) traded up about 1.2% to $19.60, in a 52-week range of $8.10 to $20.51.</p>","source":"lsy1636345238431","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Rivian's IPO Drove EV Stocks Higher Thursday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Rivian's IPO Drove EV Stocks Higher Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-12 08:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/><strong>24/7 wall st</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all ...</p>\n\n<a href=\"https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LCID":"Lucid Group Inc","XPEV":"小鹏汽车","WKHS":"Workhorse Group, Inc."},"source_url":"https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182417400","content_text":"The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all moving higher, thanks to Wednesday’s mammoth IPO of Rivian Automotive Inc. (NASDAQ: RIVN).\nRivian, of course, was leading the pack, while the shares moving up the least were those of Tesla Inc. (NASDAQ: TSLA), the first and largest by far of EV makers. That’s after BofA Securities raised its price objective for Tesla from $1,000 to $1,200 on Wednesday. Analyst John Murphy and his team also raised their price objectives for Lucid Group Inc. (NASDAQ: LCID) from $30 to $60 and for Fisker Inc. (NYSE: FSR) from $18 to $24. The firm gave Tesla and Fisker a Neutral rating while awarding Lucid a Buy rating.\nBofA also maintained its price objectives on two other EV makers. Canoo Inc. (NASDAQ: GOEV) and Lordstown Motors Group Inc. (NASDAQ: RIDE) both carry a $5 price objective and Underperform ratings.\nOne interesting note in BofA’s analysis is its summation of Tesla’s dominance:\n\n It is debatable whether any of the start-up EV automakers will ultimately be dominant over the long run, especially in a very competitive industry where the traditional automakers are also ramping up EV efforts. However, if a large global footprint can be built with no-cost capital, the “growth” story will likely continue to carry the day for the stocks. In fact, on our revised price objectives, our analysis suggests that a 10% dilutive equity raise for TSLA could fund 40+ incremental plants and 10mm+ units of capacity, which would make TSLA effectively the largest global automaker, while a 10% dilutive equity raise for LCID could fund 3+ incremental plants and 750k+ incremental units of capacity, which would make LCID a relatively large global luxury automaker.\n\nLeft unsaid there is that Lucid is never likely to catch up to, let alone pull ahead of, Tesla. That message also applies to Rivian, according to Murphy’s team:\n\n As has proven [to be] the case for TSLA over the past decade plus, the higher the upward spiral of stocks for the EV OEMs, the cheaper capital becomes to fund growth, which is then rewarded by investors with a higher stock price. The inverse of this dynamic is also true, and it is this self-fulfilling framework that has explained the extreme moves in TSLA stock in the past, and it is a helpful framework to think about how start-up EV automaker stocks may trade in the future.\n\nThe downside risks to the group chasing Tesla include drying up of low-cost capital, inability to convert orders into sales, and failure to ramp up production. Upside risks include customer enthusiasm for the vehicles, successful execution of business strategies and incremental government stimulus for EVs.\nRivian stock traded up 24% Thursday morning, to post a new high of $124.00. The low was set Wednesday at $95.20, well above the company’s IPO price of $78.\nElectric van maker Arrival S.A. (NASDAQ: ARVL) traded up more than 6% Thursday, at $14.27 in a 52-week range of $9.92 to $37.18.\nWorkhorse Group Inc. (NASDAQ: WKHS), another maker of delivery vans, traded up about 6.5% to $7.07, in a 52-week range of $6.02 to $42.96.\nChina-based Xpeng Inc. (NYSE: XPEV) traded up about 7% to $47.46, in a 52-week range of $22.73 to $74.49.\nLucid traded up more than 10%, at $44.98 in a 52-week range of $9.67 to $64.86.\nCanoo traded up about 5% to $8.50, in a 52-week range of $5.75 to $24.90.\nLordstown traded up about 14.5%, at $6.36 in a 52-week range of $4.64 to $31.57. Lordstown also closed the sale of its Ohio plant to Foxconn Wednesday, giving the shares an added boost.\nTesla traded up about by about 0.5% to $1,072.71, in a 52-week range of $301.66 to $1,243.49.\nLegacy automakers, virtually all of which have big plans for their own EV businesses with fewer moving parts, also traded higher Thursday morning. General Motors Co. (NYSE: GM) was up about 2.9%, at $60.96 in a 52-week range of $38.81 to $64.30, and Ford Motor Co. (NYSE: F) traded up about 1.2% to $19.60, in a 52-week range of $8.10 to $20.51.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":879945670,"gmtCreate":1636679037503,"gmtModify":1636679037777,"author":{"id":"3581492973083950","authorId":"3581492973083950","name":"DonWong","avatar":"https://static.tigerbbs.com/f8843910928a23f2647323acafb55c9a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581492973083950","authorIdStr":"3581492973083950"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/879945670","repostId":1182417400,"repostType":4,"repost":{"id":"1182417400","kind":"news","pubTimestamp":1636678298,"share":"https://www.laohu8.com/m/news/1182417400?lang=&edition=full","pubTime":"2021-11-12 08:51","market":"us","language":"en","title":"How Rivian's IPO Drove EV Stocks Higher Thursday","url":"https://stock-news.laohu8.com/highlight/detail?id=1182417400","media":"24/7 wall st","summary":"The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal com","content":"<p>The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all moving higher, thanks to Wednesday’s mammoth IPO of Rivian Automotive Inc. (NASDAQ: RIVN).</p>\n<p>Rivian, of course, was leading the pack, while the shares moving up the least were those of Tesla Inc. (NASDAQ: TSLA), the first and largest by far of EV makers. That’s after BofA Securities raised its price objective for Tesla from $1,000 to $1,200 on Wednesday. Analyst John <a href=\"https://laohu8.com/S/MUR\">Murphy</a> and his team also raised their price objectives for <a href=\"https://laohu8.com/S/LCID\">Lucid Group Inc</a>. (NASDAQ: LCID) from $30 to $60 and for <a href=\"https://laohu8.com/S/FSR\">Fisker Inc.</a> (NYSE: FSR) from $18 to $24. The firm gave Tesla and Fisker a Neutral rating while awarding Lucid a Buy rating.</p>\n<p>BofA also maintained its price objectives on two other EV makers. <a href=\"https://laohu8.com/S/GOEV\">Canoo Inc.</a> (NASDAQ: GOEV) and Lordstown Motors Group Inc. (NASDAQ: RIDE) both carry a $5 price objective and Underperform ratings.</p>\n<p>One interesting note in BofA’s analysis is its summation of Tesla’s dominance:</p>\n<blockquote>\n It is debatable whether any of the start-up EV automakers will ultimately be dominant over the long run, especially in a very competitive industry where the traditional automakers are also ramping up EV efforts. However, if a large global footprint can be built with no-cost capital, the “growth” story will likely continue to carry the day for the stocks. In fact, on our revised price objectives, our analysis suggests that a 10% dilutive equity raise for TSLA could fund 40+ incremental plants and 10mm+ units of capacity, which would make TSLA effectively the largest global automaker, while a 10% dilutive equity raise for LCID could fund 3+ incremental plants and 750k+ incremental units of capacity, which would make LCID a relatively large global luxury automaker.\n</blockquote>\n<p>Left unsaid there is that Lucid is never likely to catch up to, let alone pull ahead of, Tesla. That message also applies to Rivian, according to Murphy’s team:</p>\n<blockquote>\n As has proven [to be] the case for TSLA over the past decade plus, the higher the upward spiral of stocks for the EV OEMs, the cheaper capital becomes to fund growth, which is then rewarded by investors with a higher stock price. The inverse of this dynamic is also true, and it is this self-fulfilling framework that has explained the extreme moves in TSLA stock in the past, and it is a helpful framework to think about how start-up EV automaker stocks may trade in the future.\n</blockquote>\n<p>The downside risks to the group chasing Tesla include drying up of low-cost capital, inability to convert orders into sales, and failure to ramp up production. Upside risks include customer enthusiasm for the vehicles, successful execution of business strategies and incremental government stimulus for EVs.</p>\n<p>Rivian stock traded up 24% Thursday morning, to post a new high of $124.00. The low was set Wednesday at $95.20, well above the company’s IPO price of $78.</p>\n<p>Electric van maker <a href=\"https://laohu8.com/S/ARVL\">Arrival</a> S.A. (NASDAQ: ARVL) traded up more than 6% Thursday, at $14.27 in a 52-week range of $9.92 to $37.18.</p>\n<p><a href=\"https://laohu8.com/S/WKHS\">Workhorse</a> Group Inc. (NASDAQ: WKHS), another maker of delivery vans, traded up about 6.5% to $7.07, in a 52-week range of $6.02 to $42.96.</p>\n<p><a href=\"https://laohu8.com/S/CAAS\">China</a>-based Xpeng Inc. (NYSE: XPEV) traded up about 7% to $47.46, in a 52-week range of $22.73 to $74.49.</p>\n<p>Lucid traded up more than 10%, at $44.98 in a 52-week range of $9.67 to $64.86.</p>\n<p>Canoo traded up about 5% to $8.50, in a 52-week range of $5.75 to $24.90.</p>\n<p>Lordstown traded up about 14.5%, at $6.36 in a 52-week range of $4.64 to $31.57. Lordstown also closed the sale of its Ohio plant to Foxconn Wednesday, giving the shares an added boost.</p>\n<p>Tesla traded up about by about 0.5% to $1,072.71, in a 52-week range of $301.66 to $1,243.49.</p>\n<p>Legacy automakers, virtually all of which have big plans for their own EV businesses with fewer moving parts, also traded higher Thursday morning. <a href=\"https://laohu8.com/S/GM\">General Motors</a> Co. (NYSE: GM) was up about 2.9%, at $60.96 in a 52-week range of $38.81 to $64.30, and <a href=\"https://laohu8.com/S/F\">Ford</a> Motor Co. (NYSE: F) traded up about 1.2% to $19.60, in a 52-week range of $8.10 to $20.51.</p>","source":"lsy1636345238431","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Rivian's IPO Drove EV Stocks Higher Thursday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Rivian's IPO Drove EV Stocks Higher Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-12 08:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/><strong>24/7 wall st</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all ...</p>\n\n<a href=\"https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LCID":"Lucid Group Inc","XPEV":"小鹏汽车","WKHS":"Workhorse Group, Inc."},"source_url":"https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182417400","content_text":"The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all moving higher, thanks to Wednesday’s mammoth IPO of Rivian Automotive Inc. (NASDAQ: RIVN).\nRivian, of course, was leading the pack, while the shares moving up the least were those of Tesla Inc. (NASDAQ: TSLA), the first and largest by far of EV makers. That’s after BofA Securities raised its price objective for Tesla from $1,000 to $1,200 on Wednesday. Analyst John Murphy and his team also raised their price objectives for Lucid Group Inc. (NASDAQ: LCID) from $30 to $60 and for Fisker Inc. (NYSE: FSR) from $18 to $24. The firm gave Tesla and Fisker a Neutral rating while awarding Lucid a Buy rating.\nBofA also maintained its price objectives on two other EV makers. Canoo Inc. (NASDAQ: GOEV) and Lordstown Motors Group Inc. (NASDAQ: RIDE) both carry a $5 price objective and Underperform ratings.\nOne interesting note in BofA’s analysis is its summation of Tesla’s dominance:\n\n It is debatable whether any of the start-up EV automakers will ultimately be dominant over the long run, especially in a very competitive industry where the traditional automakers are also ramping up EV efforts. However, if a large global footprint can be built with no-cost capital, the “growth” story will likely continue to carry the day for the stocks. In fact, on our revised price objectives, our analysis suggests that a 10% dilutive equity raise for TSLA could fund 40+ incremental plants and 10mm+ units of capacity, which would make TSLA effectively the largest global automaker, while a 10% dilutive equity raise for LCID could fund 3+ incremental plants and 750k+ incremental units of capacity, which would make LCID a relatively large global luxury automaker.\n\nLeft unsaid there is that Lucid is never likely to catch up to, let alone pull ahead of, Tesla. That message also applies to Rivian, according to Murphy’s team:\n\n As has proven [to be] the case for TSLA over the past decade plus, the higher the upward spiral of stocks for the EV OEMs, the cheaper capital becomes to fund growth, which is then rewarded by investors with a higher stock price. The inverse of this dynamic is also true, and it is this self-fulfilling framework that has explained the extreme moves in TSLA stock in the past, and it is a helpful framework to think about how start-up EV automaker stocks may trade in the future.\n\nThe downside risks to the group chasing Tesla include drying up of low-cost capital, inability to convert orders into sales, and failure to ramp up production. Upside risks include customer enthusiasm for the vehicles, successful execution of business strategies and incremental government stimulus for EVs.\nRivian stock traded up 24% Thursday morning, to post a new high of $124.00. The low was set Wednesday at $95.20, well above the company’s IPO price of $78.\nElectric van maker Arrival S.A. (NASDAQ: ARVL) traded up more than 6% Thursday, at $14.27 in a 52-week range of $9.92 to $37.18.\nWorkhorse Group Inc. (NASDAQ: WKHS), another maker of delivery vans, traded up about 6.5% to $7.07, in a 52-week range of $6.02 to $42.96.\nChina-based Xpeng Inc. (NYSE: XPEV) traded up about 7% to $47.46, in a 52-week range of $22.73 to $74.49.\nLucid traded up more than 10%, at $44.98 in a 52-week range of $9.67 to $64.86.\nCanoo traded up about 5% to $8.50, in a 52-week range of $5.75 to $24.90.\nLordstown traded up about 14.5%, at $6.36 in a 52-week range of $4.64 to $31.57. Lordstown also closed the sale of its Ohio plant to Foxconn Wednesday, giving the shares an added boost.\nTesla traded up about by about 0.5% to $1,072.71, in a 52-week range of $301.66 to $1,243.49.\nLegacy automakers, virtually all of which have big plans for their own EV businesses with fewer moving parts, also traded higher Thursday morning. General Motors Co. (NYSE: GM) was up about 2.9%, at $60.96 in a 52-week range of $38.81 to $64.30, and Ford Motor Co. (NYSE: F) traded up about 1.2% to $19.60, in a 52-week range of $8.10 to $20.51.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":879942459,"gmtCreate":1636678992869,"gmtModify":1636678993454,"author":{"id":"3563581390514944","authorId":"3563581390514944","name":"NRN","avatar":"https://static.tigerbbs.com/3561ad0f76bae7ec1e64062bc70f0207","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3563581390514944","authorIdStr":"3563581390514944"},"htmlText":"🚀🚀","listText":"🚀🚀","text":"🚀🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/879942459","repostId":1182417400,"repostType":4,"repost":{"id":"1182417400","kind":"news","pubTimestamp":1636678298,"share":"https://www.laohu8.com/m/news/1182417400?lang=&edition=full","pubTime":"2021-11-12 08:51","market":"us","language":"en","title":"How Rivian's IPO Drove EV Stocks Higher Thursday","url":"https://stock-news.laohu8.com/highlight/detail?id=1182417400","media":"24/7 wall st","summary":"The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal com","content":"<p>The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all moving higher, thanks to Wednesday’s mammoth IPO of Rivian Automotive Inc. (NASDAQ: RIVN).</p>\n<p>Rivian, of course, was leading the pack, while the shares moving up the least were those of Tesla Inc. (NASDAQ: TSLA), the first and largest by far of EV makers. That’s after BofA Securities raised its price objective for Tesla from $1,000 to $1,200 on Wednesday. Analyst John <a href=\"https://laohu8.com/S/MUR\">Murphy</a> and his team also raised their price objectives for <a href=\"https://laohu8.com/S/LCID\">Lucid Group Inc</a>. (NASDAQ: LCID) from $30 to $60 and for <a href=\"https://laohu8.com/S/FSR\">Fisker Inc.</a> (NYSE: FSR) from $18 to $24. The firm gave Tesla and Fisker a Neutral rating while awarding Lucid a Buy rating.</p>\n<p>BofA also maintained its price objectives on two other EV makers. <a href=\"https://laohu8.com/S/GOEV\">Canoo Inc.</a> (NASDAQ: GOEV) and Lordstown Motors Group Inc. (NASDAQ: RIDE) both carry a $5 price objective and Underperform ratings.</p>\n<p>One interesting note in BofA’s analysis is its summation of Tesla’s dominance:</p>\n<blockquote>\n It is debatable whether any of the start-up EV automakers will ultimately be dominant over the long run, especially in a very competitive industry where the traditional automakers are also ramping up EV efforts. However, if a large global footprint can be built with no-cost capital, the “growth” story will likely continue to carry the day for the stocks. In fact, on our revised price objectives, our analysis suggests that a 10% dilutive equity raise for TSLA could fund 40+ incremental plants and 10mm+ units of capacity, which would make TSLA effectively the largest global automaker, while a 10% dilutive equity raise for LCID could fund 3+ incremental plants and 750k+ incremental units of capacity, which would make LCID a relatively large global luxury automaker.\n</blockquote>\n<p>Left unsaid there is that Lucid is never likely to catch up to, let alone pull ahead of, Tesla. That message also applies to Rivian, according to Murphy’s team:</p>\n<blockquote>\n As has proven [to be] the case for TSLA over the past decade plus, the higher the upward spiral of stocks for the EV OEMs, the cheaper capital becomes to fund growth, which is then rewarded by investors with a higher stock price. The inverse of this dynamic is also true, and it is this self-fulfilling framework that has explained the extreme moves in TSLA stock in the past, and it is a helpful framework to think about how start-up EV automaker stocks may trade in the future.\n</blockquote>\n<p>The downside risks to the group chasing Tesla include drying up of low-cost capital, inability to convert orders into sales, and failure to ramp up production. Upside risks include customer enthusiasm for the vehicles, successful execution of business strategies and incremental government stimulus for EVs.</p>\n<p>Rivian stock traded up 24% Thursday morning, to post a new high of $124.00. The low was set Wednesday at $95.20, well above the company’s IPO price of $78.</p>\n<p>Electric van maker <a href=\"https://laohu8.com/S/ARVL\">Arrival</a> S.A. (NASDAQ: ARVL) traded up more than 6% Thursday, at $14.27 in a 52-week range of $9.92 to $37.18.</p>\n<p><a href=\"https://laohu8.com/S/WKHS\">Workhorse</a> Group Inc. (NASDAQ: WKHS), another maker of delivery vans, traded up about 6.5% to $7.07, in a 52-week range of $6.02 to $42.96.</p>\n<p><a href=\"https://laohu8.com/S/CAAS\">China</a>-based Xpeng Inc. (NYSE: XPEV) traded up about 7% to $47.46, in a 52-week range of $22.73 to $74.49.</p>\n<p>Lucid traded up more than 10%, at $44.98 in a 52-week range of $9.67 to $64.86.</p>\n<p>Canoo traded up about 5% to $8.50, in a 52-week range of $5.75 to $24.90.</p>\n<p>Lordstown traded up about 14.5%, at $6.36 in a 52-week range of $4.64 to $31.57. Lordstown also closed the sale of its Ohio plant to Foxconn Wednesday, giving the shares an added boost.</p>\n<p>Tesla traded up about by about 0.5% to $1,072.71, in a 52-week range of $301.66 to $1,243.49.</p>\n<p>Legacy automakers, virtually all of which have big plans for their own EV businesses with fewer moving parts, also traded higher Thursday morning. <a href=\"https://laohu8.com/S/GM\">General Motors</a> Co. (NYSE: GM) was up about 2.9%, at $60.96 in a 52-week range of $38.81 to $64.30, and <a href=\"https://laohu8.com/S/F\">Ford</a> Motor Co. (NYSE: F) traded up about 1.2% to $19.60, in a 52-week range of $8.10 to $20.51.</p>","source":"lsy1636345238431","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Rivian's IPO Drove EV Stocks Higher Thursday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Rivian's IPO Drove EV Stocks Higher Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-12 08:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/><strong>24/7 wall st</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all ...</p>\n\n<a href=\"https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LCID":"Lucid Group Inc","XPEV":"小鹏汽车","WKHS":"Workhorse Group, Inc."},"source_url":"https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182417400","content_text":"The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all moving higher, thanks to Wednesday’s mammoth IPO of Rivian Automotive Inc. (NASDAQ: RIVN).\nRivian, of course, was leading the pack, while the shares moving up the least were those of Tesla Inc. (NASDAQ: TSLA), the first and largest by far of EV makers. That’s after BofA Securities raised its price objective for Tesla from $1,000 to $1,200 on Wednesday. Analyst John Murphy and his team also raised their price objectives for Lucid Group Inc. (NASDAQ: LCID) from $30 to $60 and for Fisker Inc. (NYSE: FSR) from $18 to $24. The firm gave Tesla and Fisker a Neutral rating while awarding Lucid a Buy rating.\nBofA also maintained its price objectives on two other EV makers. Canoo Inc. (NASDAQ: GOEV) and Lordstown Motors Group Inc. (NASDAQ: RIDE) both carry a $5 price objective and Underperform ratings.\nOne interesting note in BofA’s analysis is its summation of Tesla’s dominance:\n\n It is debatable whether any of the start-up EV automakers will ultimately be dominant over the long run, especially in a very competitive industry where the traditional automakers are also ramping up EV efforts. However, if a large global footprint can be built with no-cost capital, the “growth” story will likely continue to carry the day for the stocks. In fact, on our revised price objectives, our analysis suggests that a 10% dilutive equity raise for TSLA could fund 40+ incremental plants and 10mm+ units of capacity, which would make TSLA effectively the largest global automaker, while a 10% dilutive equity raise for LCID could fund 3+ incremental plants and 750k+ incremental units of capacity, which would make LCID a relatively large global luxury automaker.\n\nLeft unsaid there is that Lucid is never likely to catch up to, let alone pull ahead of, Tesla. That message also applies to Rivian, according to Murphy’s team:\n\n As has proven [to be] the case for TSLA over the past decade plus, the higher the upward spiral of stocks for the EV OEMs, the cheaper capital becomes to fund growth, which is then rewarded by investors with a higher stock price. The inverse of this dynamic is also true, and it is this self-fulfilling framework that has explained the extreme moves in TSLA stock in the past, and it is a helpful framework to think about how start-up EV automaker stocks may trade in the future.\n\nThe downside risks to the group chasing Tesla include drying up of low-cost capital, inability to convert orders into sales, and failure to ramp up production. Upside risks include customer enthusiasm for the vehicles, successful execution of business strategies and incremental government stimulus for EVs.\nRivian stock traded up 24% Thursday morning, to post a new high of $124.00. The low was set Wednesday at $95.20, well above the company’s IPO price of $78.\nElectric van maker Arrival S.A. (NASDAQ: ARVL) traded up more than 6% Thursday, at $14.27 in a 52-week range of $9.92 to $37.18.\nWorkhorse Group Inc. (NASDAQ: WKHS), another maker of delivery vans, traded up about 6.5% to $7.07, in a 52-week range of $6.02 to $42.96.\nChina-based Xpeng Inc. (NYSE: XPEV) traded up about 7% to $47.46, in a 52-week range of $22.73 to $74.49.\nLucid traded up more than 10%, at $44.98 in a 52-week range of $9.67 to $64.86.\nCanoo traded up about 5% to $8.50, in a 52-week range of $5.75 to $24.90.\nLordstown traded up about 14.5%, at $6.36 in a 52-week range of $4.64 to $31.57. Lordstown also closed the sale of its Ohio plant to Foxconn Wednesday, giving the shares an added boost.\nTesla traded up about by about 0.5% to $1,072.71, in a 52-week range of $301.66 to $1,243.49.\nLegacy automakers, virtually all of which have big plans for their own EV businesses with fewer moving parts, also traded higher Thursday morning. General Motors Co. (NYSE: GM) was up about 2.9%, at $60.96 in a 52-week range of $38.81 to $64.30, and Ford Motor Co. (NYSE: F) traded up about 1.2% to $19.60, in a 52-week range of $8.10 to $20.51.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6544462,"gmtCreate":1636679043662,"gmtModify":1636679043757,"authorId":3581492973083950,"author":{"id":3581492973083950,"idStr":"3581492973083950","authorId":3581492973083950,"name":"DonWong","avatar":"https://static.tigerbbs.com/f8843910928a23f2647323acafb55c9a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":879942459,"type":1,"supId":0,"prevId":0,"content":"Yes","text":"Yes","html":"Yes"}],"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":168,"commentSize":15,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}