Impact of Tesla's Weak First Quarter on Rivian and Lucid in the Electric Vehicle Industry

This Is a Massive Red Flag for Rivian and Lucid

*Stock prices used were end-of-day prices of April 3, 2024. The video was published on April 3, 2024.

Tesla's weak first quarter is terrible for smaller, money-losing competitors. If Tesla (NASDAQ: TSLA) can't grow sales despite lowering prices, what chance does Rivian (NASDAQ: RIVN) or Lucid (NASDAQ: LCID) have in the EV market? In this video, Travis Hoium covers Tesla's terrible news and why it could have a big impact on Rivian and Lucid long-term.

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Travis Hoium has positions in General Motors. The Motley Fool has positions in and recommends Tesla. The Motley Fool recommends General Motors and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy.

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