Core Viewpoint - Investors have the potential to earn significant returns by investing in electric vehicle (EV) stocks, with Tesla's shares increasing over 22,000% since 2010, indicating strong growth potential in the sector [1]. Group 1: Lucid Group - Lucid Group is identified as a fast-growing EV stock, with expectations to double its sales by 2025 [2]. - The company launched its first model, the Lucid Air, which generated nearly $1 billion in sales but faced limitations due to its high price range of $70,000 to $250,000 and lack of SUV options [3]. - The introduction of the Gravity SUV platform is expected to significantly boost sales, with analysts predicting an 82% growth this year and 91% next year, although the starting price of nearly $100,000 still limits mass market appeal [4]. Group 2: Rivian - Rivian is considered a top electric vehicle stock for the decade, with a more complex growth story but significant long-term potential for patient investors [6]. - The company currently offers two luxury models, the R1S and R1T, but plans to launch three new affordable vehicles (R2, R3, and R3X) within the next year, positioning it better than Lucid in terms of market readiness for lower-priced models [7]. - Rivian's current valuation is lower than Lucid's, primarily due to expected sales growth challenges this year, but long-term growth rates are anticipated to improve significantly with the introduction of new models [8].
2 Millionaire-Maker Electric Vehicle (EV) Stocks