EV Suggestions

Rivian (RIVN), Lucid Motors (LUCIDM), and Fisker (NYSE:FSR)
CFRA Research singles out Rivian (RIVN), Lucid Motors (LUCIDM), and Fisker (NYSE:FSR) as the three new auto companies that will emerge as success stories in the EV space.

"We are particularly bullish on Rivian's first two models given the current lack of EV offerings in the extremely popular SUV and truck segment. Rivian also counts companies including Amazon, Ford, T. Rowe Price, Fidelity, Soros Fund Management, and Cox Automotive among its investors," says Nelson. It is noted that Rivian also has a deal to produce delivery vans for Amazon at the factory, with first deliveries to be made in late 2021.

Nelson says Lucid's first vehicle, the Lucid Air, is a high-end sports sedan with specs similar to the Tesla Model S and Fisker is pitching the Ocean as the world’s most sustainable vehicle.