Is This Good or Bad News for Rivian and Lucid?

The electric vehicle (EV) industry faces numerous challenges. Those challenges include bringing down the costs of batteries, improving charging infrastructure quality and availability, convincing consumers to make big purchase decisions amid high interest rates, and fierce competition.It's the outlook for the competitive environment that may have shareholders of Rivian (RIVN 0.84%) and Lucid (LCID 1.23%) worried over Hyundai's newly announced plan to make a $51 billion investment in EVs and software-defined ...