"Raising Big Money Then Falling" says Randy Essex, USA Today and it makes one wonder. Buy an EV from a start-up, established company or combo of both with all-electric vehicles?
Randy writes " Rivian's initial public offering last year raised $11.9 billion. The share price hit a peak of $172.01 on Nov. 16. At the end of the year, that was down to $103.69.
The stock has tumbled further since then, closing the first quarter at $50.24, costing Amazon $7.6 billion in the quarter and Ford $5.5 billion.
Rivian recently closed around $20.00. Does that make those early buyers and/or investors feel a bit stranded like an EV on e-empty?
Consider investing in a local repair facility who convert ICE (internal combustion engines) to all-electric saving money, some perfectly good vehicles while arranging local, State and Federal credits. And most projects can be financed with the savings in fuel over 3-5 years paying the payments.
Our favorite is USA based SELOC, a for-profit, State of Delaware Public Benefit Corporation offering shares while creating jobs and some of the coolest vehicles on God's Green Earth. For more information on conversions, just reach out here .
As Cooley from the Road Show shows, there are plenty of choices and reasons to go with a conversion from ICE to EV.
Original source: https://www.greentv.com/post/it-s-electric-raise-fail
