Lucid Group (LCID 0.76%) and Rivian Automotive (RIVN 4.08%) are two of the most exciting electric car stocks on the market. Both have exciting growth potential, but only one stock is an obvious buy today.
Despite a mixed Q2 earnings report, the market is forward-looking, focusing on Rivian's long-term potential rather than temporary production and supply chain issues. I think the new Georgia manufacturing plant is a game-changer, providing the necessary scale to transition Rivian from a niche player to a mass-market automotive powerhouse. Rivian's consensus five-year sales growth significantly o...
This has mostly been a forgettable year for Rivian Automotive (RIVN 5.22%), as the young electric vehicle (EV) maker doesn't have any vehicle launches this year. That's also a good thing, because a mostly forgettable year means nothing horrible happened either -- just ask Ford Motor Company , which is currently setting a record for most recalls in one year ever.
Rivian has officially broken ground on its long-planned factory near Atlanta, Georgia, which will one day allow the company to make as many as 400,000 of its next-generation electric vehicles per year.
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