1 EV Stock to Buy Hand Over Fist and 1 to Avoid
Lucid (LCID) The Motley Fool·2024-07-20 22:06
That's likely left some investors hesitant to go all-in on EV stocks. But writing them all off could be a mistake. Here's why I think Rivian Automotive (RIVN -0.89%) can potentially become a long-term winner for investors, and why I have hesitations about Lucid Group (LCID -1.96%) right now. While it's true that Rivian isn't profitable yet, management has taken steps to lower vehicle production costs as Rivian moves toward its goal of becoming gross profit-positive this year. To help achieve this, Rivian re ...