Why Rivian Stock Raced Higher in 2023, but Shares of Nio and Nikola Drove Lower
NIO(NIO) The Motley Fool·2024-01-13 18:00While electric vehicle (EV) sales accelerated considerably higher in 2023 compared to 2022, investor sentiment regarding individual EV companies varied greatly. Slightly outpacing the S&P 500's 24% rise, Rivian (RIVN -3.88%) stock, for one, rebounded last year after plunging 82% in 2022. Nio (NIO -3.11%) and Nikola (NKLA -4.85%), however, didn't enjoy the same success, extending the 69% and 78% slides they suffered in 2022, respectively.According to data provided by S&P Global Market Intelligence, Rivian st ...