Lucid and Rivian Too Expensive? Look at These 2 Beaten-Down EV Stocks Instead
Ever since Rivian Automotive's (NASDAQ: RIVN) initial public offering (IPO) on Nov. 10, share prices of electric vehicle (EV) stocks have been all over the place. Another volatile stock has been Lucid Group, (NASDAQ: LCID), which is an up-and-coming EV play in the luxury sedan market. Rivian and Lucid are now the No. 2 and 3 largest U.S. automakers by market cap behind Tesla -- which is pretty amazing considering neither electric car company is producing cars at scale yet.
Folks looking for value in the EV industry may find themselves with few options considering share prices of Tesla, Ford, and other companies are all up big on the year. Aeva Technologies (NYSE: AEVA) and Arrival (NASDAQ: ARVL) are two beaten-down stocks with a lot of potential. Here's what makes each a great buy now.
Image source: Getty Images.
Source Fool.com
