Better EV Stock: Rivian (RIVN) vs. Lucid (LCID)

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Rivian and Lucid some overpromised and underdelivered. Before going public, Rivian claimed it could nutrient 50,000 vehicles successful 2022. In reality, it lone produced 24,337 vehicles. Lucid lone manufactured 7,180 of the 20,000 vehicles it planned to nutrient successful 2022. Both companies struggled with proviso concatenation constraints, accumulation issues, and soaring expenses.

Over the past 3 years, Rivian has expanded its lineup from its archetypal R1T pickup to see the R1S SUV, customized electrical transportation vans, and the caller R2 SUV. Lucid, which primitively lone sold the high-end Air sedan, launched its 2nd vehicle, the Gravity SUV, successful precocious 2024.

After a beardown betterment successful 2023, Rivian's accumulation stalled successful 2024 and 2025 arsenic it struggled with caller proviso concatenation issues, macroeconomic headwinds, and impermanent works closures to hole for its motorboat of the R2 SUV successful 2026. Lucid's accumulation gradually increased, but it inactive repeatedly missed its ain forecasts and slashed its prices to merchantability much vehicles.

Data source: Company net reports.

Rivian expects its caller motorboat of the R2, which costs $30,000-$40,000 little than the R1T and R1S, to bring successful caller customers and boost its deliveries to 62,000-67,000 vehicles successful 2026. That acceleration could besides boost its margins, since the R2 is cheaper to nutrient than the R1.

Lucid's accumulation is besides accelerating arsenic it sells much Gravity SUVs, and it expects to nutrient 25,000-27,000 vehicles successful 2026. However, its caller callback of much than 4,000 Gravity SUVs mightiness interaction those plans. On the agleam side, the enactment of the Saudi Arabian authorities -- which owns implicit 60% of Lucid's shares -- should forestall it from moving retired of cash.