Both Rivian and Lucid stocks have plummeted, but Rivian may be a better investment option.

From Nasdaq: 2025-01-25 10:45:00

The electric vehicle (EV) market has seen both Rivian Automotive and Lucid Group stocks plummet over the past three years, with Rivian’s shares falling 79% and Lucid’s dropping 92%. Despite this, EV sales in the U.S. rose 7% last year to 1.3 million vehicles. Rivian and Lucid face challenges, with Lucid impressing with its vehicles but struggling with sales, while Rivian deals with production hiccups and losses but aims to release new, more affordable models in the future.

Rivian has experienced production challenges and losses but has made strides in cutting material costs and plans to release new models. The company aims to achieve gross profit in the fourth quarter and attract more buyers with cheaper vehicles. With Rivian’s stock being comparatively cheaper than Lucid’s, it may be a better investment option in the EV market. However, investors should be aware of potential volatility in the EV industry as start-ups navigate this evolving market.



Read more at Nasdaq: Better EV Stock: Lucid vs. Rivian