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Rivian Showing Shades Of Tesla

By Tim KnightStock MarketsSep 14, 2022 12:41PM ET
www.investing.com/analysis/rivian-showing-shades-of-tesla-200629829
Rivian Showing Shades Of Tesla
By Tim Knight   |  Sep 14, 2022 12:41PM ET
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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.
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.
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.
Long-Term Rivian Chart.

Rivian Showing Shades Of Tesla
 

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Rivian Showing Shades Of Tesla

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Comments (2)
Mark Meyers
Mark Meyers Sep 28, 2022 4:59PM ET
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RIVIAN - RVN will certainly become the New TESLA !!!
Fortnite Pobg
Fortnite Pobg Sep 14, 2022 9:26PM ET
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any thoughts about Xpeng ??
 
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