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by Fred Fuld III
If you like to collect or invest in rare cars, here is a unique opportunity. It may not be an electric vehicle, but it is a one of a kind car.
The black 1985 Ford Escort RS Turbo S1 owned by Diana, Princess of Wales, is up for auction.
This was her last Ford Escort, has only 24,961 miles on it.
The automobile is being offered by Silverstone Auctions, with no reserve.
The live auction will take place on Saturday, August 27, 2022.
by Fred Fuld III
Rivian Automotive (RIVN) just went public a week ago, and since then, the stock has been up every day until today. As I write this, the market cap for the company is $130 billion. That’s “billion” with a B.
This California based company was founded in 2009 and is in the business of developing electric vehicles.
For the trailing twelve months, net income has been a negative $1,635,000,000.
Revenues for the company have been zero.
Yesterday, the market cap for the company was $151.9 Billion.
That market cap is larger than all of the following automobile manufacturers:
I wonder if Ford stopped making cars if it would increase the market cap of the company.
Disclosure: Author owns F and DDAIF. Author has a vertical call position on RIVN.
by Fred Fuld III
The South Korean automobile manufacturer, Hyundai Motor Company (HYMTF), is planning on producing hydrogen fuel cell commercial vehicles within seven years.
In 1998, the company became the first to develop an electric fuel cell vehicle. In 2018, it created the NEXO fuel cell SUV, then in 2020, the company came out with the XCIENT Fuel Cell, a heavy-duty truck.
The company is expecting the fuel cell vehicle to be compatible in price to the electric vehicle in nine years.
Disclosure: Author did not own HYMTF at the time the article was written.
