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Rivian Showing Shades Of Tesla

Published 09/14/2022, 12:41 PM
Updated 07/09/2023, 06:31 AM

I seriously have a chance of putting my foot in my mouth with this one, but I’ll come out and say it once again: I really like Rivian Automotive Inc (NASDAQ:RIVN), the electric truck maker. Its chart right now:

Rivian Chart.

It reminds me of a certain little-known company back in 2012 that I suggested with a similar pattern:

Tesla Inc (NASDAQ:TSLA):

Long-Term Tesla Chart.

That little-known company, of course, is Tesla, which is now 100 times more valuable than when I suggested it as a “buy.”

By no means am I suggesting Rivian has that bright a future, but honestly, between being impressed at its design and the similarity of the chart to the Tesla of days gone by, I think it could be a real winner. And, yeah, to be clear, this is a bullish idea. I just want to be clear on that.

Long-Term Rivian Chart.

Latest comments

RIVIAN - RVN will certainly become the New TESLA !!!
any thoughts about Xpeng ??
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