Reported 6 months ago
The article discusses the rising demand for electric vehicles (EVs) globally and highlights two lesser-known EV stocks, Rivian Automotive (RIVN) and Lucid Group (LCID), that have significantly cheaper valuations compared to Tesla. Rivian, with a strong customer satisfaction record and upcoming affordable models, is trading at just over 2 times sales and has the potential for growth with investments. On the other hand, Lucid, valued at just $6.6 billion, offers higher upside potential on paper, but faces challenges like lower sales volume and cash burn. The article suggests Rivian as a potentially smarter investment choice due to its track record, current valuation discount, and progress towards mass sales. Investors are advised to consider their investment strategy and growth prospects before investing in these EV stocks.
Source: YAHOO