Here's a good take on Rivian and the market currently.
My thoughts exactly.Never seen this guy before, but what he says certainly has validity to it. Rivian is so far ahead of any other startup manufacturer. With the backing they have, unlikely they're going under. They're producing more vehicles than many manufacturers already and they're just getting started. The Ford, Chevy & Dodge trucks will appeal to many, but are otherwise, fairly boring remakes of their ICE trucks, unlikely to draw many new buyers to their brands. Chevy, of the three, probably has done the best and offering something that at least varies from the standard Silverado.
Naturally, as ugly as it is, Tesla will sell a ton of Cybertrucks if they ever get it produced. But otherwise, at this time, Rivian, much like Tesla was for 9 years, is mostly in a market of ONE. Once they can ramp up production, get costs down, they're going to deliver a lot of vehicles. Likely only positives on the horizon for the next couple of years. Beyond that, who knows. But for at least a couple of years, they have the luxury of creating a sub-market like Tesla did with no real competition. It's inevitable that the stock will rise, assuming they keep delivering vehicles. It should do so fairly significantly over the next couple of years. Beyond that, depends on how they grow as a company. But, they appear to be the second startup auto manufacturer in decades to come along and succeed.
Lucid's are nice cars, but too expensive for most. Worse for them however, is they are trying to directly compete with Tesla. Rivian isn't competing with anyone for Sport/Off-Road trucks. Again, Lucid's are nice cars, maybe with a little more "luxury" than a Tesla, but Tesla still blows it out of the water when it comes to Tech, which is one of the most important factors when it comes to EV's.
I don't play the stock market very often, so DO NOT LISTEN TO MY WORDS AS ADVICE, but I do when I see potential goldmines come along. I invested in Tesla years ago and now have invested in Rivian. Just a guess, but I think the stock price is likely to at least double in the next two years.