Overview

• Tesla led global battery-EV production last year, driven by Model 3 and Model Y priced below $50,000.
• Rivian plans to start production of three new vehicles with starting prices under $50,000 as early as next year.
• Lucid is pursuing a robotaxi opportunity through an Uber partnership, with affordable models not expected before 2027.
• For now, neither Rivian nor Lucid offers an affordable EV for sale.
• Market pricing diverges sharply, with Tesla at 15.8x sales versus Rivian at 3.7x and Lucid near 7.6x, as some experts tout multi-trillion-dollar robotaxi potential.