With New Models Launching, Which Is the Best EV Stock to Buy: Rivian or Lucid?

By Parkev Tatevosian, CFA – May 20, 2024 at 6:30AM

NASDAQ: RIVN

Rivian Automotive

Market Cap

$11B

Today's Change

(-0.46%) -$0.05

Current Price

$10.92

Price as of May 31, 2024, 4:00 p.m. ET

Rivian plans to launch a lower-priced platform in early 2026 and Lucid will launch the Gravity SUV later this year.

Fool.com contributor Parkev Tatevosian compares Rivian (RIVN -0.46%) and Lucid (LCID -1.39%) to determine the better EV stock to buy today.

*Stock prices used were the afternoon prices of May 16, 2024. The video was published on May 18, 2024.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.