$Rivian Automotive(RIVN.US) rose slightly, and it's considered relatively stable among the second-tier EV stocks in the US market.

Volkswagen's staged capital injection is still being paid out according to milestones, and the mass production schedule for the R2 platform hasn't been delayed. The fundamentals are actually improving. However, the market only has patience for the leading players' narratives right now; the valuation recovery for second-tier EV makers will have to wait for the delivery numbers to speak for themselves.

Will you take a position before the R2 launch, or wait for volume to pick up before chasing? I'm with the former; the expectation gaps for this kind of stock are hidden when no one is paying attention.