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Energy & Critical Metals

Could the Electric Vehicle Bubble Pop?

When Mullen Automotive (MULN) bottomed last month, speculators thought the stock could rally to $4.00 and above. Instead, the electric vehicle company…

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This article was originally published by Baystreet

When Mullen Automotive (MULN) bottomed last month, speculators thought the stock could rally to $4.00 and above. Instead, the electric vehicle company with a nanocap market capitalization dropped with Nasdaq’s decline. Similarly, Tesla (TSLA) staged an incredible rally in the last few weeks. But buying momentum is drying up.

MULN and TSLA stock mirror that of many publicly traded EV companies. They are well off their highs and are at risk of losing investor interest. Rivian (RIVN) and Lucid Motors (LCID) have billions in development and capital costs ahead. It has limited sales because of the supply shortage.

Internal combustion engine automotive firms like Ford (F) and General Motors (GM) face similar constraints. Not only will they sell fewer ICE vehicles, but they also cannot accelerate their EV output. Market panic will worsen in the weeks ahead. Investors that realize the EV expansion will slow for at least the next year will exit the sector.

Investors should treat the EV market as a bubble. Valuations are unfavorable, pricing the best-case scenario of growth for the next 5-10 years. China-based EV firms XPeng (XPEV) and Nio (NIO) are not immune to the selling, either. Despite posting good March monthly deliveries, it did not impress investors. Shares in both companies did not rally back to recent highs.

Energy & Critical Metals

Bannerman Energy (ASX:BMN) Acquires NMI for Critical Metals Projects in Canada and Namibia

Bannerman Energy (ASX:BMN), an Australian uranium company, has purchased a 41.8 percent stake in Namibia Critical Metals (NMI), which owns a portfolio…

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Energy & Critical Metals

Make better beer: Brewery analytics startup wins top prize at Seattle Angel Conference competition

Grist Analytics, a startup that supports brewers, vintners and spirit-makers took home the $200,000 prize at the final round of this spring’s Seattle…

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Companies

Nevada Sunrise Receives Final Lithium Analyses from Borehole GEM22-02 – Mineralized Intersection Improves to 1,101 ppm Lithium over 730′

Nevada Sunrise Gold Corp. (“Nevada Sunrise”, or the “Company”) (TSXV: NEV) is pleased to announce…

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