Will the stock market and Electric Vehicles induce a longer retirement?
More often there’s chatter among a vast array of the busiest people on topics relating to the stock market. The stock market has seen astronomical gains in the past year – the likelihood of all time in American History. That’s in part of all the new hype with electric vehicles. Business schools and colleges are more often discussing the wealthiest people in the world such as Mark Zuckerburg, Warren Buffett, Elon Musk, RJ Scaringe, Jeff Bezos, to name only a few. What made these gentleman so rich is a question many would like to have answered. A very short answer couldn’t be possible. Hard work comes through muscle strength of the human brain, as much as it does lifting a hammer and driving some nails. It will surprise many to know that the stock market is necessary to keep up with, as well for the inevitable monster of inflation and the time value of money. Money is less valuable over time, especially when there is an influx in GDP. Ergo, when there is no longer demand for gross domestic products, our money is thereby devalued and the result is prices rising. Without further ado, will the stock market play any role towards efforts at inducing a longer retirement? We take a look in this post at some monsters in the stock market that are arguably a great place to begin at diversifying a future of retirement and offerings for heirs and loved ones.
Flying off the charts over the past six months has been a circus show for Elon Musk and his otherworldly electric vehicle beauty none other than TESLA. The name itself makes you drool if you are one who enjoys the sleek look and confident impression the vehicle insists you appreciate. The stock prices for Tesla on May 18th 2021 opened at 9:30am EST at $577.87. Who in their right mind would have known the price per share in this electric vehicle beast would rise to $1,222.09 by November 5th 2021? That’s right, five months and three weeks later (approx) some seen a ROI of $644.22 per share! This is downright heartbreaking if you are one who didn’t want a little Tesla in your life! 
. When President Biden begun his talk about taxing the 10 most richest men in the world in order to remedy the deficit resulting after the American Rescue Plan Act of 2021, Musk made an announcement on Twitter whether or not he should sell a large portion of his stake in Tesla. The result was a hefty decline in Tesla share price, falling all the way down to $998 a share just two days later. While Tesla is set to begin production after opening a new manufacturing plant in Germany in the near future in spite of popular demand, we could see the price per share for Tesla heading back in the right direction.
Amazon founder Jeff Bezos makes approximately 205 million dollars a day which results in 6.25 billion a month (O’Connell,2021). Thats quite a bit of cash money to have a spectacular cruise around the world with your family and friends, as long it is a sanitized cruise ship..Collaboration and business strategies put together the ideas of Amazon and owners to buy into the next electric vehicle contender who is building primarily a truck line and van line Rivian (RIVN). Amazon has bought into a contract for Rivian to produce 100,000 electric vehicle delivery vans for Amazon through 2024 (TechCrunch, 2021).Other than this contract between Amazon and Rivian, the electric van producer has no other revenue on hand to speak highly of. However, they finally hit the public market with a starting price of $78 a share just seven day’s ago and closed yesterday at at $172 November 16th. Today though, they declined steadily closing at $146 per share by 4:00pm EST.
Looking into market research shows the probability of further decline for Rivian in the days to come.
Yet another show stopper hitting the market heavily in the last week is Lucid Motors:
Rivian Automotive Inc.’s market valuation is already nearly double that of Ford Motor Co. and zoomed past General Motors Co. a week into the electric-vehicle startup’s life as a public company, while rival Lucid Motors’ market value closed in on GM’s and topped Ford’s on Tuesday, underscoring investors’ appetite for EV makers and the hunt for the next Tesla Inc. Rivian RIVN, -15.08% went public last Tuesday after the biggest initial public offering of the year and seventh-largest U.S. IPO since the mid-1990s. The stock ended 15% higher on Tuesday, boosting the company’s valuation to a little over $148 billion
No matter how the stock market entices your financial goals for the future it is a good idea to follow the market through reading the business decisions taking place within monster companies and their owners thereof. Moreover, knowing when the market may near a possible recession. Perhaps we may see a decline in spite of another pandemic. It’s a sure fire sign that careful planning and using resources provided to make financial decisions for your future can be helpful. Good places to begin these efforts may be at Vanguard, or Schwab for example. Careful planning for your future is a good idea! Why wait start today.
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