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EV salesThe Motley Fool
•78% Informative
Rivian Automotive ( NASDAQ : RIVN) went public in 2021 with a price-to-sales ( P/S ) ratio of around 50.
Tesla 's valuation came down sharply, too, but it's still priced at 6.6 times sales.
Rivian has spent the last few years laying the groundwork for its future growth runway.
Lucid Group is valued at 10.1 times sales versus Rivian 's 2.1 multiple.
If it does manage to scale to sales in the way Rivian does, it could provide the most upside on paper.
Rivian Automotive's track record and current valuation discount make it the smarter bet today .
Lucid stock is cheaper if you believe its growth trajectory will eventually outpace Rivian 's.
Rivian is simply much further ahead when it comes to hitting an inflection point for mass sales.
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