Here’s a puzzle for you: Let’s say you woke up tomorrow with money. More than you could ever spend. So you have decided to invest part of it. Knowing that electric vehicles are about to become a bigger part of the automotive market, you’re betting on a startup.
Which do you choose?
For the sake of simplicity, we’ll leave Tesla and legacy automakers out of this one. We will focus on Rivian, Lucid, Faraday, Canoe and others.
Rivian, for example, has an intriguing product in the R1T truck – but it’s facing job losses and Amazon has taken a dip on an investment in the company.
Lucid’s stock is weaker, at the time of this writing, than Rivian, but its Air sedan is poised to take on Tesla.
Meanwhile, Faraday Future is struggling, but comebacks are happening.
What you say? If you could invest in an electric vehicle startup, which one would you choose?
[Image: Rivian]
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