Billionaire Ray Dalio Just Bet Big on Lucid (LCID) Stock

InvestorPlace2022-08-18

Ray Dalio's Bridgewater Associates announced interesting new positions in Lucid (LCID) and Rivian (RIVN).He also added to positions in Nio (NIO) and XPeng (XPEV), while more than doubling a position ...

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Comments

iNkwiziTs
2022-08-18
iNkwiziTs
Ok noted 👌
Moonshot
2022-08-18
Moonshot
Thought that he had lose big time on Luna stable coin? [Onlooker]
HUATBIG
2022-08-18
HUATBIG
Like
Alfred8189
2022-08-18
Alfred8189
ok

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However, one of the companies that’s most in focus today is Lucid (NASDAQ:LCID) following some interesting bets from Ray Dalio’s Bridgewater Associates on LCID stock and other electric vehicle (EV) names.This past quarter, Ray Dalio appears to have been busy assessing the future prospects of the EV sector. In addition to adding nearly $5 million in exposure to Lucid (285,791 shares), the hedge fund also added more than 62,000 shares of EV startup Rivian (NASDAQ:RIVN). Dalio added to positions in Nio (NYSE:NIO) and XPeng (NYSE:XPEV), while more than doubling his stake in Ford (NYSE:F).All these bets were made while the Bridgewater Associates fund manager chose, interestingly, not to invest in current EV leader Tesla (NASDAQ:TSLA).Let’s dive into what to make of these rather diverse bets across the EV sector.Dalio Spreads His Bets, Initiating Position in LCID StockThe fact that Ray Dalio is focusing on the future of the EV sector, rather than its present state, is interesting. Tesla is clearly the market leader for EVs in the U.S. However, Chinese EV maker BYD has recently passed Tesla as the highest-selling EV maker globally. And over time, Dalio appears to think Nio and XPeng have a better shot of capturing global market share than Tesla.Additionally, Dalio’s bets on Lucid and Rivian suggest that he’s not as keen on Tesla’s growth prospects from here, relative to the competition. It’s about to become a very competitive EV market in a few years. And via spreading his bets across a number of players in this sector, Dalio appears to think the future doesn’t necessarily lie with Tesla.Personally, I share Dalio’s view. I think this 13-F filing is among the most interesting we’ve seen this past quarter. Over time, we’ll see if Dalio is right. Perhaps Tesla’s market capitalization will double that of all automakers in the future. But at some point, fundamentals matter. 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[Onlooker]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9991851848","repostId":2260800751,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9991828952,"gmtCreate":1660809803979,"gmtModify":1676536403826,"author":{"id":"3575885376205492","authorId":"3575885376205492","name":"HUATBIG","avatar":"https://static.tigerbbs.com/8397eb8f39c2aeb8068cd1e778d5c453","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3575885376205492","authorIdStr":"3575885376205492"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9991828952","repostId":2260800751,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9991821659,"gmtCreate":1660809743974,"gmtModify":1676536403810,"author":{"id":"3565425398867432","authorId":"3565425398867432","name":"Alfred8189","avatar":"https://static.tigerbbs.com/65653d3db531b1ead6e47420db3271b0","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":5,"crmLevelSwitch":1,"idStr":"3565425398867432","authorIdStr":"3565425398867432"},"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9991821659","repostId":2260800751,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":57,"commentSize":4,"repostSize":0,"favoriteSize":2,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2260800751"}