Golden Cross Alert: Rivian Breaks Out, Even As Nio Outsells It 10-To-1

1. Rivian exhibits a bullish technical crossover but lacks fundamental backing. 2. Nio delivered 42,094 vehicles, significantly outperforming Rivian's 8,640 deliveries. 3. Nio's market cap is only $8.7 billion compared to Rivian's $18.3 billion. 4. Tesla continues to dominate EV sales, significantly outpacing both Nio and Rivian. 5. Investor optimism for Rivian may not be justified without robust fundamentals.