The similaries between bubbles!On the right side, you see Workhorse and Arrival, two EV makers (with commercial purposes) that lost 92-93% of their value in the past trading year!
On the left side, you see Rivian which lost 71% of its value in the past 70 days..!
I think there is a high chance Rivian go down to 15(-90% from its top) in a year or so..! current price is 60 which means you may lose 75% of your investment in less than a year!
A bubble is an economic cycle that is characterized by the rapid escalation of market value, particularly in the price of assets.
This fast inflation is followed by a quick decrease in value or a contraction, which is sometimes referred to as a "crash" or a "bubble burst."
Bubbles are typically attributed to a change in investor behavior, although what causes this change in behavior is debated. (Investopedia)
www.investopedia.com
If you want more examples: SOLO, GOEV, NKLA, and RIDE..!
Best,
Moshkelgosha
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