Rivian vs Lucid. Someone please help with with this question


Rivian VS Lucid:

– Rivian made 7x more vehicles in the most recent quarter

– Rivian has $10 billion more in cash

– Rivian went public with via IPO. Lucid went public via a different method. I can't even use the word because it is banned by automods.

– 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 or upvote if you think Rivian should have a higher enterprise value.


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