Rivian VS Lucid:
– Rivian made 7x more vehicles in the most recent quarter
– Rivian has $10 billion more in cash
– Rivian kept guidance the same this quarter. Lucid cut its guidance in half
– Rivian has Amazon as its customer;
– Rivian has more than 2.5x backlog than Lucid, with a deposit requirement 3x as as high
– I have seen 30+ Rivian trucks on the road here in Colorado. I have never seen a Lucid Air.
Lucid has the same enterprise value as Rivian.
Please explain
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