Rivian Showing Shades Of Tesla
Tim Knight | Sep 14, 2022 12:41PM ET
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:
It reminds me of a certain little-known company back in 2012 that I suggested with a similar pattern:
Tesla Inc (NASDAQ:TSLA):
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.
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