To The Moon

The Volkswagen-Rivian partnership has brought much cheers to $Rivian Automotive, Inc.(RIVN)$  's stock price lately, reflecting market's confidence in Rivian's EV technology. With its next-generation line of EVs being rolled out appearing to be well received by the market, it may be time to watch this Tesla-wannabe before it flies to the moon.

The same cannot be said of all Tesla-wannabes though, as the EV market has been weighed under sluggish demand, expectation of higher-for-longer interest rates amidst a sticky inflation, growing competition and prevailing price war. The Chinese EV trio $NIO Inc.(NIO)$  , $XPeng Inc.(XPEV)$  and $Li Auto(LI)$  have been struggling to attract more orders and fill their capacities, as more players jump onto the EV bandwagon and give the trio a run for their money. Their stock price weaknesses reflect the on-going struggle.

A meme stock, $AMC Entertainment(AMC)$  has been struggling to retain viewers and attract new ones to its chain of theatres, as the COVID pandemic has changed forever the way many would watch movies. Many have turned to online streaming providers for entertainment in the comfort of their homes, as the rising popularity of online streaming competition has given AMC a hard run for its money.