Rivian and Lucid Investors Need to Watch This 1 Big Competitor (Hint: It's Not Tesla)
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Investing in start-up electric vehicle (EV) makers such as Rivian Automotive (NASDAQ: RIVN) and Lucid Group (NASDAQ: LCID) is certainly not for the faint of heart. You're essentially investing in a company that relies on limited vehicle models and is burning through cash rapidly, as each vehicle currently rolls off the production line is selling at a loss.To make things more frightening, recent data from Japan emphasizes the threat that Chinese EVs pose to the rest of the world. Let's see what this could all mean for your investment choices in this sector.There's a storm brewing overseas, but it has nothing to do with the weather. Rather, a massive wave of advanced, highly affordable Chinese electric vehicles are preparing to hit the streets around the globe.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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