With Stocks Down 73% and 61%, Are Rivian or Lucid a Buy?

Electric vehicle (EV) companies have seen their valuations compress in recent months as Wall Street takes a sledgehammer to growth stocks in favor of businesses with stable earnings and inflation resistance.

Rivian Automotive (NASDAQ: RIVN) and Lucid Group (NASDAQ: LCID) saw their market caps peak at $153.3 billion and $91.4 billion, respectively. Today, Rivian is worth $42.6 billion, and Lucid is worth $37.5 billion.

Is either automotive stock a buy now, or should investors steer clear of Rivian and Lucid?

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Source Fool.com