In this episode, Scott Becker discusses the performance of Tesla, Lucid, and Rivian in 2025.
Chapter 1: What is the main topic of this episode?
This is Scott Becker with the Becker Private Equity and Business Podcast. Today's discussion is Tesla, Lucid, and Rivian. So here's what's going on with these three sort of core electric vehicle makers and where they're at. First, Tesla, the granddaddy of them all, or grandmother of them all, just to be politically correct in today's world,
Chapter 2: How is Tesla performing in 2025?
It's down about 31% year-to-date, and that's a lot, but not as bad as it was. It was down about 40% year-to-date. It sells about a million and eight vehicles a year. Elon has been fast in the game trying to work on President Trump's tariff policy to try and ease the tariff policy because he does a lot of business overseas. So, fascinating to watch what goes on there.
Chapter 3: What challenges is Lucid Group facing?
Lucid Group is down about 20%. Again, Lucid Group, one of the core investors is the Saudis. They sell very few cars a year, Lucid Group. We'll see if they could survive, but they got enough Saudi money behind them. They probably will do so down about 20% year to date. Finally, Rivian is somewhere in between, but again, sells only about 60, 70,000 cars a year, but is down about 10% year-to-date.
Chapter 4: Where does Rivian stand in the market?
They're big into business with Volkswagen, and like Tesla, ultimately gonna make a lot of their money from things other than just selling cars, but from their platform, their operating systems, and so forth and so on. So those are the big three of EV makers.
Tesla's down about 30% year-to-date, Lucid down about 20% year-to-date, Rivian down about 10% year-to-date, and so there's a number of cars sold. Tesla, number one, Rivian, bought by very, very high-end pretentious people, down about 10% year-to-date, but number two in car sales.
And then Lucid's number three, but owned in large part by the Saudis, and down about 10% year-to-date, but selling very few cars is a big scheme of things. Thank you for listening to the Becker Private Equity and Business Podcast. Thank you.