NEW YORK, NY – The new influx of new electric vehicle manufacturers is a once-in-a-lifetime opportunity for new investors. With corporations such as Tesla, Rivian, Lucid, and Polestar launching, most of these are offering stock to the public market.
One reason why new investors should try EV startups is their low cost per share. In order to get an influx of investor cash, many companies are offering many shares at low prices. Lucid stock is around $6.00 right now, and Rivian’s at $23.42.
The classic example of startup success is Tesla. The Silicon Valley automaker’s stock is now $251.49 as of early September. Not long ago, it was as cheap of Lucid or Rivian stock is now. It is probable that other startups showing signs of success, such as Rivian, will likely quadruple their prices.
Even when other stocks are floating up and down, EV stocks are fairly consistent. Typically, they only change by less than a percent daily, often increasing. However, radical changes can occur. Some startups have failed. Nikola’s stock lost all of its value in one day when a major lawsuit crippled the business. The number one reason stocks can fail is lack of trust in continued success. Lucid stock has also lost value in recent months but is now considered stable. The low price is a good opportunity to invest, but a destroyed stock is not a safe investment.

The easiest way to start buying stock is to start with one company. Buy at a low price and watch your stock’s value. Do not be hasty to sell for a small profit. The longer you keep the stock, the more money you receive as a shareholder. When you have truly made a profit or you feel the stock could lose value, sell. Unless you are an experienced stock trader, caution is the order of the day. My choice would be Rivian stock because it is rising and showing signs of strength as sales and production increase. However, any stock can work. Good luck and happy investing!