Electric vehicle start-up stocks seem to be following the same playbook over and over with investors. Tesla has had a decade-long head start forging a path for EV companies, but its success has led to investors wanting to find the next Tesla in names like Rivian Automotive (NASDAQ: RIVN) or Lucid Group.
In their early trading lives as public companies, the stocks of these start-ups spiked to unreasonable levels. But with the initial surge in Rivian stock having settled back down, investors can look closer at its business model and see it has a unique position and plan in the EV sector.
Image source: Rivian Automotive.
Source Fool.com