What Tesla's Record Production Numbers Mean for Rivian and Lucid

Tesla (NASDAQ: TSLA) kicked off the 2022 trading year by surging over 14% on Monday thanks to record-high quarterly and full-year production and delivery numbers. Since then, the Nasdaq Composite has turned negative year to date as growth and valuation concerns and a highly contagious omicron variant are rippling through markets.

Here's what Tesla's results mean for Rivian Automotive (NASDAQ: RIVN), Lucid Group (NASDAQ: LCID), and the electric vehicle (EV) industry as a whole.

Image source: Lucid Group.

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Source Fool.com