TTM - Electric momentum builds for Tesla Lucid Rivian Fisker and even Hertz

Another huge week is setting up in the electric vehicle sector with Rivian Automotive (RIVN) planning to go public with a valuation that could reach $65B and Embark Trucks (NYSE:NGAB) set to close on its SPAC deal to join TuSimple (NASDAQ:TSP) and Aurora Innovation (NASDAQ:AUR) in the self-driving space. Momentum has taken precedence over value or growth as the biggest share price factor in the electric vehicle sector this year. A check of momo in the sector using Seeking Alpha's screening tools indicates that Lucid Motors (NASDAQ:LCID) has the biggest premium over its 100-day moving average, followed by Tesla (NASDAQ:TSLA) and Tata Motors (NYSE:TTM). Lucid Motors (LCID) is also the most volatile with almost 33% of its shares traded on a weekly basis compared to Toyota Motor (NYSE:TM) with just 0.01%. Looking ahead, it is not clear that the momentum trade has worn thin with Tesla, Lucid, Rivian and Fisker (NYSE:FSR)

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Electric momentum builds for Tesla, Lucid, Rivian, Fisker and even Hertz