RIVN - 2 Electric Vehicle Stocks That Are Too Cheap to Ignore
Electric vehicles (EVs) continue to be a hot topic for investors, but there are more players than ever to be aware of. As the industry expands, new niches are forming, and two are particularly attractive for investors looking for growth and potentially high profits.
While they aren't moneymaking machines yet, Rivian Automotive (NASDAQ: RIVN) and Proterra (NASDAQ: PTRA) are cheap for their own reasons.
Rivian delivered only 7,363 vehicles in the third quarter of 2022, but it's ramping up production quickly. The company recently confirmed plans to deliver 25,000 vehicles this year and is building a factory in Georgia with capacity for 400,000 vehicles on top of the current 150,000-unit capacity in Normal, Illinois.
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2 Electric Vehicle Stocks That Are Too Cheap to Ignore