Rivian Soars On IPO, But These 3 EV Stocks Are Better Buys Now
Rivian Automotive (NASDAQ: RIVN) has hit the market with a bang, trading more than 30% over its IPO price and now sporting a market cap near $100 billion. This is despite only producing about 15 vehicles per week right now. The company has a bright future, but investors looking for any value in electric vehicle stocks should probably look elsewhere right now.
Three of our Fool.com contributors ,Travis Hoium, Howard Smith, and Daniel Foelber think General Motors (NYSE: GM), ChargePoint Holdings (NYSE: CHPT), and Lucid Group (NASDAQ: LCID) are all better buys than Rivian today.
Source Fool.com
