From Nasdaq:

In 2023, electric vehicle (EV) sales soared, but investment in individual companies varied. Rivian’s stock rose 27%, while Nio and Nikola fell 7% and 60%, respectively. Rivian rebounded, especially in the second half of the year, with increased vehicle production and better-than-expected financial results. Nio’s stock stumbled after disappointing earnings, while Nikola faced setbacks like a CEO change, recalls, and poor financial performance. Rivian seems promising, while Nio has potential with lower price points, but Nikola’s red flags make it a riskier investment. Seek expert advice before investing. Can Rivian Automotive thrive in the future? The Motley Fool’s Stock Advisor recommends 10 stocks that offer promising returns, but Rivian Automotive isn’t one of them. Considered other available stocks before investing.



Read more: Why Rivian Stock Raced Higher in 2023, but Shares of Nio and Nikola Drove Lower