Gas Prices Driving EV Demand: RIVN Recall & TSLA

Tesla (TSLA) can usually be seen in the news daily, and there has been legislation that was passed that should drive spending towards an alternative energy infrastructure. “Gas prices are driving electric vehicle demand as social media mentions are up 205% year-over-year. Regarding the recent announcement from Rivian (RIVN) recalling all vehicles, it caused a drop in consumer happiness mentions. Rivian is doing a poor job in terms of messaging, but they are ultimately doing the right thing. This news could blow over in a short time period,” says LikeFolio’s Landon Swan. Kevin Hincks and Alex Coffey weigh in on the infancy stage of Rivian (RIVN) and how it compares to other EV makers.