U.S. electric vehicle companies like Lucid Motors are struggling, down 57% YTD. Both Lucid and Rivian face challenges due to low EV demand and the end of the EV tax credit. Lucid’s cost of revenues is twice its earnings, leading to massive losses. Rivian has managed profits better and has Amazon’s backing.

Lucid Motors continues to burn through billions, funded by Saudi Arabia’s PIF. The partnership has allowed Lucid to stay afloat despite losses. Rivian, backed by Amazon, faces more pressure to show profitability. Despite Lucid trading cheaper, Rivian’s execution track record makes it a better bet for investors.

Read more at Yahoo Finance: Lucid Motors Is Now Cheaper Than Rivian, But Is LCID Stock a Better Buy for 2026?