Don’t Miss Out: Skip Rivian and Invest in These Two Electric Vehicle Stocks Instead

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RIVIAN AUTOMOTIVE ($NASDAQ:RIVN) is an American automotive company focused on producing electric vehicles. Despite its achievements, its stock performance has been lagging behind its competitors, making it a less attractive option for investors. Instead of investing in RIVIAN AUTOMOTIVE, investors should consider investing in two other electric vehicle stocks that have been performing remarkably well. These two stocks offer great potential for short-term and long-term gains, making them an ideal choice for investors looking for lucrative returns.

Moreover, the stocks also have strong fundamentals and a proven track record of success, making them a safer bet for investors looking for stability and returns. The stocks have great potential for returns and are relatively safe options compared to other options out there. With a well-rounded portfolio, investors can maximize their returns and minimize their risk.

Stock Price

On Monday, RIVIAN AUTOMOTIVE stock opened at $16.4 and closed at $16.7, up by 1.4% from prior closing price of 16.4. Despite the gains, investors should not be tempted into investing in this company and should look elsewhere if they seek out returns in the electric vehicle sector. Instead, investors should take a look at two better options for investing in electric vehicles. The first alternative to Rivian is Tesla. Tesla has been the leader in the electric vehicle sector for years now and continues to make strides in the field with its innovative products and services.

The second option to buy into is NIO. NIO is a Chinese electric vehicle manufacturer that has become increasingly popular in recent years. NIO has a solid product lineup and a well-established network of charging stations that make it a viable option for those looking to invest in the electric vehicle space. Both of these companies have proven their staying power in the industry and are well-positioned for continued growth in the future. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Rivian Automotive. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Rivian Automotive. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Rivian Automotive. More…

Key Ratios Snapshot

Some of the financial key ratios for Rivian Automotive are shown below. More…

Analysis

GoodWhale recently conducted an analysis of the wellbeing of RIVIAN AUTOMOTIVE. We classified the company as a ‘cheetah’, based on our Star Chart. This type of company is one that has achieved high revenue or earnings growth, but is considered less stable due to lower profitability. Investors interested in RIVIAN AUTOMOTIVE may be attracted to its strong asset and growth positions, while being aware of its weak dividend and profitability. Our analysis also found that RIVIAN AUTOMOTIVE has an intermediate health score of 4/10 with regard to its cashflows and debt, which might be able to safely ride out any crisis without the risk of bankruptcy. More…

Peers

Rivian Automotive Inc is an American automotive and energy storage company. Founded in 2009, the company focuses on developing electric vehicles. Rivian has raised over $6 billion from investors including Amazon.com and Ford Motor Company. Rivian’s main competitors are Lucid Group Inc, Tesla Inc, and Ford Motor Co.

– Lucid Group Inc ($NASDAQ:LCID)

As of 2022, Lucid Group Inc has a market cap of 21.21B and a Return on Equity of -29.52%. Lucid Group Inc is a leading provider of marketing and advertising services. The company has a strong focus on delivering high-quality, innovative, and effective marketing and advertising solutions to its clients. Lucid Group Inc has a strong reputation for providing excellent service and delivering results that exceed expectations. The company’s focus on quality and customer satisfaction has resulted in a loyal client base and a strong market position. Lucid Group Inc is well-positioned to continue its growth and success in the marketing and advertising industry.

– Tesla Inc ($NASDAQ:TSLA)

Tesla’s market cap as of 2022 is 695.76B. The company has a Return on Equity of 27.88%. Tesla is an American electric vehicle and clean energy company based in Palo Alto, California. The company specializes in electric vehicle manufacturing, batteries, and solar panel manufacturing. Tesla also offers vehicle service centers, superchargers, and home energy systems.

– Ford Motor Co ($NYSE:F)

As of 2022, Ford Motor Company has a market capitalization of 48.77 billion dollars and a return on equity of 23.7%. The company is one of the largest automakers in the world and is known for its production of cars and trucks. The company also has a strong presence in the world of motorsports, with its vehicles competing in a number of different racing series.

Summary

Rivian Automotive is an electric vehicle (EV) startup that recently conducted a successful initial public offering (IPO).

However, investors should be aware of some risks associated with investing in Rivian. These risks include the company’s limited product offering and the fact that the EV market is highly competitive and subject to rapid technological changes.

Additionally, Rivian has yet to generate significant profits and is likely to experience significant losses in the short-term. For investors looking for a safer alternative to investing in Rivian, there are two EV stocks that may offer more stability. These include Tesla and NIO, both of which have established track records of success and are well-positioned to benefit from the growing demand for EVs.