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3 Top Electric Vehicle (EV) Stocks to Buy in July
The Motley Foolยท2025-07-12 14:05

Group 1: Electric Vehicle Market Overview - Electric vehicle (EV) stocks present significant growth potential, with Tesla's shares increasing over 23,000% since 2010 [1] - Rivian is identified as a potential next Tesla, having achieved positive gross margins for the first time, enhancing its financial credibility [2][3] - Rivian plans to produce three new vehicles priced under $50,000 by early 2026, which is crucial for accessing a larger market [3][4] Group 2: Rivian's Growth Potential - Producing mass market vehicles under $50,000 could allow Rivian to reach tens of millions of new buyers, similar to Tesla's success [4] - Rivian's stock is trading at 2.8 times earnings, suggesting that its growth potential for 2026 and 2027 is not fully reflected in its current stock price [5] Group 3: Lucid Group's Position - Lucid Group has a market cap of $7 billion, less than half of Rivian's and less than 1% of Tesla's, indicating substantial room for growth [6] - Lucid plans to start production of mass market vehicles next year, although leadership changes and capital access may delay this timeline [7][8] Group 4: Tesla's Continued Growth - Tesla, with a market cap of $960 billion, remains the industry leader, with analysts suggesting that its most significant growth phases are still ahead [10] - The launch of Tesla's robotaxi service in Austin, Texas, could potentially expand into a $10 trillion market, with estimates suggesting it could add $1 trillion to Tesla's market cap [11][12]