2 EV Stocks (Besides Tesla) to Watch

Group 1: Rivian Automotive Inc - Rivian Automotive Inc is experiencing a surge in stock price, up 6.4% to $12.87, following the announcement of spinning off its micromobility business into a startup called Also [1] - The CEO RJ Scaringe indicated that the first vehicle designs, likely e-bikes and scooters, will be revealed later this year [1] - The stock is on track for its eighth win in ten sessions, trading at its highest level since mid-February, despite being down 3% since the start of 2025 [2] Group 2: Nio Inc - Nio Inc's stock is down 4.9% to $4.01 after announcing an offering of 118.8 million shares, which represents 5.4% of its total outstanding shares [3] - The proceeds from the share offering will be allocated for research and development of smart EV technologies, new products, and general corporate purposes [3] - The stock has hit its lowest levels since late August, down 8% year to date, and dropped below long-term support at $4 [3]