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Solar-Car Maker Skirts Insolvency by Seizing On EV Stock Frenzy – Bloomberg

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The Sono Sion
Source: Sono Motors GmbH

There’s been seemingly insatiable demand lately for electric vehicle stocks. First, Tesla became a trillion-dollar company. Rivian pulled off this year’s biggest IPO, then watched its shares soar. Lucid has surpassed Ford in market value.
Commentators are contemplating whether we’re witnessing a bubble. Sure, EVs are the future, and one of the above companies is bringing them into the mainstream. But are investors taking big risks by betting on Tesla at these levels, or by piling into unproven challengers?