Rivian, Lucid, Fisker And NIO: Not A Compelling Proposition For Shareholders


  • Tesla continues to lead the EV market with the most competitive vehicles in terms of price, performance, reliability, and access to its Supercharger network, beating any “pure play” EV carmaker.
  • Rivian, though somewhat competitive with its product lineup, struggles to keep pace with Tesla’s advancements and is far from profitability. The company’s long-term viability is questionable in my opinion.
  • Lucid follows an outdated strategy, while Fisker warned its own investors about bankruptcy risk, and NIO has a confusing product strategy and limited presence outside China.
  • All four companies face significant financial hurdles, including cash burn and the likelihood of shareholder dilution in my opinion. I believe they offer no compelling investing story.

Rivian R1T Electric Truck

RoschetzkyIstockPhoto/iStock Editorial via Getty Images

I covered my bull case for Tesla, Inc. (TSLA) in a recent article. A few readers reached out, asking if I see any potential upside in other Electric Vehicle (EV) carmakers. In this article, I will cover

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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