Better Electric Vehicle (EV) Stock: Lucid Group vs. Rivian
Demand for electric vehicles is expected to surge over the next several decades. While much of this growth is expected globally, penetration for EVs is still expected to rise substantially in the U.S., the primary market for both Lucid Group (NASDAQ: LCID) and Rivian Automotive (NASDAQ: RIVN). If you're looking to invest in a company with the potential to be the next Tesla, there are reasons to consider both Lucid and Rivian. But which is a better stock to buy today? When it comes to growth, Lucid is the clear winner right now. In fact, Lucid should be one of the fastest-growing EV makers over the next year or two. Analysts predict 73% sales growth this year, and another 96% growth expected in 2026. Rivian, for comparison, is expected to grow sales by just 5% this year, though that is expected to pick up to a roughly 40% pace in 2026. Continue reading
Demand for electric vehicles is expected to surge over the next several decades. While much of this growth is expected globally, penetration for EVs is still expected to rise substantially in the U.S., the primary market for both Lucid Group (NASDAQ: LCID) and Rivian Automotive (NASDAQ: RIVN).
If you're looking to invest in a company with the potential to be the next Tesla, there are reasons to consider both Lucid and Rivian. But which is a better stock to buy today?
When it comes to growth, Lucid is the clear winner right now. In fact, Lucid should be one of the fastest-growing EV makers over the next year or two. Analysts predict 73% sales growth this year, and another 96% growth expected in 2026. Rivian, for comparison, is expected to grow sales by just 5% this year, though that is expected to pick up to a roughly 40% pace in 2026.
