Between costs, national conflicts, and a changing outlook on psychedelic drugs and cannabis, investors have no shortage of uncertainty to weigh. But one thing the Trump administration has been very clear about is its distaste for efforts to reduce carbon emissions, including renewable energy and electric vehicles (EVs).
Even though they were originally slated to last until 2032, federal clean car credits are phased out for vehicles acquired after Sept. 30, 2025. Without the tax incentive—which saves consumers $7,500 for new EVs and $4,000 for used EVs—sales have stagnated.
According to Cox Automotive, in the first quarter of 2026, EV sales are down 27% year-over-year (YOY). In the fourth quarter of 2025, they fell by 36% YOY.
However, globally, EV adoption rates continue to rise and the future of transportation remains electrified.
Globally, 25% of all cars sold were electric or hybrid last year, and the Pew Research Center found figures as high as 97% in Norway, 71% in Denmark, and 68% in Nepal. Among the world’s leading economies, the United States tops the charts with 10%, while China and Germany boast sales of 53% and 30% respectively.
Like the global EV market itself, the three largest companies operating in the space each represent a disparity that investors should keep on their radar: Rivian. NASDAQ: RIVNLucid Group NASDAQ: LCIDand Tesla NASDAQ: TSLA.
Without Going Back, Rivian Has No Fees To Compete With All Time Superiority
Rivian Automotive Today
Rivian Automotive
As of 06/5/2026 04:00 PM Eastern
- 52 week interval
- $11.57
▼
$22.69
- Target Value
- $18.57
Since the year-to-date (YTD) low on May 19, Irvine, California-based Rivian has seen its stock up nearly 40%.
But RIVN shares remain down about 12% YTD and have lost more than 86% since their IPO high.
Much of that can be attributed to the company still not operating at a profit.
Last year, Rivian had a net loss of $3.6 billion. Scaling production has dramatically outpaced the company’s revenue growth, but that gap is closing.
The Q1 2026 loss of $416 billion represents an impressive 64% improvement from the company’s peak quarterly loss of $1.17 billion in Q3 FY2025. The first quarter, however, was helped by a $506 million gain in other income.
The company is still dealing with declining sales after the EV credits were cut, as well as tough fixed costs associated with factories building models for future mass markets. But the biggest obstacle to Rivian’s success remains globalization—or the lack of it.
Except for its limited delivery of the electric delivery van, which is used by Amazon NASDAQ: AMZN in selected European cities, the company currently only sells models in the United States (except Alaska) and Canada. Rivian owners who import vehicles into markets outside of the company’s current service through gray market channels may be responsible for shipping them to North America for warranty repair or service at their own expense.
The company’s mixed earnings didn’t exactly help investor sentiment, either. Rivian has missed analyst expectations in three of the past seven quarters, despite beating revenue forecasts in all but one of those quarters. Coupled with annual cash burn rates expected to reach as high as $5 billion this year, Wall Street’s outlook is dimming.
The stock earns a consensus rating of hold with its 12-month moving average suggesting a roughly 7% upside from current prices.
Rivian Automotive, Inc. price chart. (RIVN) for Saturday, June, 6, 2026
Lucid’s Price Point is Budget-Conscious in Commitment
Lucid Group Today
As of 06/5/2026 04:00 PM Eastern
- 52 week interval
- $5.09
▼
$33.70
- Target Value
- $9.67
Another California-based automaker, Lucid, shares similar problems with Rivian.
Unlike Rivian, however, the luxury EV manufacturer has a significant presence outside of the United States, including markets in Canada, Europe, and the Middle East, with plans to expand into the United Kingdom and Australia.
But with MSRPs ranging from about $70,000 to more than $250,000, sales have struggled as cost-conscious consumers turn to less expensive electronic options, as Lucid struggles to increase its market share.
While deliveries continue to increase those numbers pale in comparison to the most prominent EV brands. Lucid delivered 3,093 vehicles in Q1 2026, and interim CEO Marc Winterhoff noted that the company had “the highest March deliveries in Lucid’s history, up 14% year over year.” In comparison, Tesla has delivered 1.63 million vehicles worldwide by 2025.
Lucid is also unprofitable. Last year, the company reported a net loss of 3.68 billion—the highest in 2021—and a Q1 loss of 1.13 billion dollars that shows its burn rate is consistent with last year. In the 18 quarters since its July 2021 IPO, the company has missed analyst expectations in all but three quarters.
With shares down nearly 50% YTD and nearly 75% over the past year, it’s no surprise that the stock is getting a consensus Reduce rating. However, the consensus price suggests a more than 80% probability.
Lucid Group, Inc. Price Chart (LCID) for Saturday, June, 6, 2026
Tesla Makes Silent Run at His All-Time High
Tesla Today
As of 06/5/2026 04:00 PM Eastern
- 52 week interval
- $281.85
▼
$498.83
- The P/E ratio
- 358.72
- Target Value
- $404.37
In the lead-up to the well-documented IPO of SpaceX, Elon Musk-led Elon Musk’s more than 20% YTD low in early April has somewhat eclipsed it.
The member of the Magnificent Seven now finds itself down 13% from its peak in December 2025, as sales in Europe rebounded.
Although it has officially lost its title as the world’s best selling battery powered car company to its Chinese counterpart BYD Limited. OTCMKTS: BYDDF2025 marked Tesla’s sixth consecutive year of profitability.
That trend continued this year, with Q1 revenue of $477 million up nearly 17% YOY. Driving that was YOY revenue growth of nearly 16%, while EPS rose over 8%.
Challenges remain for the $1.57 trillion market cap company. As competition from China continues to test Tesla’s global market share, shrinking margins are creating price pressure. But, as is often the case, Musk’s backers—and Tesla shareholders—are focused on long-term goals, including the release of Robotaxi and the continued growth of Full Self-Driving subscriptions, which reached nearly 1.3 million in Q1.
Wall Street is proceeding cautiously, however. The stock receives a consensus rating, and its 12-month price average is 5% below where the stock is trading today.
Price chart of Tesla, Inc. (TSLA) for Saturday, June, 6, 2026
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