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What investors can learn from all the Tesla, Rivian buying and selling

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Rivian shares have been under pressure, but at a market capitalization of over $100 billion, bigger than GM and Ford, it would be hard to say the electric vehicle upstart isn’t a major success. The buying and selling action in EV stocks lately has been intense, from all the fuss over Elon Musk’s selling of Tesla shares to former Tesla executive Peter Rawlinson’s Lucid Group, which went public earlier this year and is now at a valuation over $80 billion, just about as big as the Detroit stalwarts.

As the stock market faces a new test after President Joe Biden reappointed Jerome Powell to lead the Federal Reserve, leading to market calls that investors are about to cycle back into value…



Source cnbc.com

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