While electric vehicle (EV) sales accelerated considerably higher in 2023 compared to 2022, investor sentiment regarding individual EV companies varied greatly. Slightly outpacing the S 500's 24% rise, Rivian (NASDAQ: RIVN) stock, for one, rebounded last year after plunging 82% in 2022. (NYSE: NIO) and Nikola (NASDAQ: NKLA), however, didn't enjoy the same success, extending the 69% and 78% slides they suffered in 2022, respectively.

According to data provided by S&P Global Market Intelligence, Rivian stock rose 27% in 2023, while Nio slipped 7%, and Nikola slid 60%.

Through the first half of 2023, Rivian extended the fall it had suffered in 2022, but the stock turned a corner over the summer. At the beginning of July, Rivian announced second-quarter 2023 production of 13,992 vehicles, representing a quarter-over-quarter increase of 50%.

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Source Fool.com