The boom and bust cycle in electric vehicles (EVs) may be coming full circle. Stocks like Rivian Automotive (RIVN 0.85%) plummeted over the last few years as the bubble popped in the sector.
Rivian Automotive (RIVN 0.89%) and Lucid Group (LCID 2.78%) were two start-up electric vehicle (EV) companies with plenty of potential several years ago. The world was in the midst of an EV cycle as many early adopters scooped up Tesla's leading EV offerings and others looked for alternatives.
At a time when many automakers are pulling back from electric vehicles (EVs), Rivian Automotive (RIVN 0.85%) is embracing its branding as an EV-only company. It just broke ground on a new factory in Georgia, with plans to bring out cheaper models of its beloved cars within the next few years.
Rivian Automotive (RIVN 0.85%) slid again this week after the electric vehicle maker reported quarterly deliveries and trimmed its full-year outlook. The stock's move follows a short run-up into the report and comes as the market reassesses how much demand pulled forward ahead of tax-credit changes will weigh on year-end results.
Earlier this year, electric car stocks across the board saw sharp declines after the U.S. government revealed that several critical EV subsidies would be eliminated. Since then, however, most of those initial losses have been erased.
Rivian (RIVN 0.85%) should have an exciting year ahead. Recently, hundreds of R2s -- Rivian's newest model -- were seen driving the streets of the U.S. Official production should begin in early 2026, giving buyers their first chance to buy a Rivian priced under $50,000.
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