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The backlog of reservations is an important metric for EV companies, and Lucid is losing reservations while Rivian is picking up reservations by the thousands.
Electric vehicle stocks have struggled over the past year, but the companies behind them keep shipping more vehicles. We saw that in recent quarterly results from Lucid (LCID -3.38%) and Rivian (RIVN -1.51%), companies early in their growth cycles. But there's one big difference, and that's reservation momentum, which Travis Hoium and Jason Hall discuss in the video below.
*Stock prices used were end-of-day prices of Nov. 9, 2022. The video was published on Nov. 13, 2022.
Jason Hall has no position in any of the stocks mentioned. Travis Hoium has positions in General Motors. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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