Rivian vs. Lucid: Which EV Stock Offers the Best Value Proposition?

Rivian and Lucid are pure-play EV companies that have fallen out of favor on Wall Street. Rivian's market cap has dropped to $18.5 billion from $100 billion, while Lucid's shares are down 96% over the last five years. Both companies are pivoting to more affordable mass-market SUVs, with Rivian's R2 expected to start at under $60,000 and Lucid's Gravity SUV starting at $79,900. Rivian has a new partnership with Uber, investing $1.5 billion and committing to purchase up to 40,000 R2 SUVs by 2030.