Barbie EV mockup debuts, and on an unrelated note, Mattel’s stock is up

Image: Mattel Here are some facts. Mattel promoted a new toy Barbie car on Wednesday by showing off a full-size mockup at the 2021 LA Auto Show. The mockup was, according to Roadshow, based on an all-electric Fiat 500e. Not long after, Mattel’s stock pared back early-morning losses and finished the day’s trading slightly in the green.
Now, are those things related? Probably not. But weirder things have happened, especially lately. Hertz announced a deal with Tesla and hired Tom Brady to make commercials, and then Elon Musk said the deal wasn’t done. Rivian passed every automaker in market cap except for Toyota and Tesla despite only shipping a few electric pickup trucks. Startups like Faraday Future, Canoo, and Lordstown Motors have collectively…
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