Transcript
A (0:00)
This is Scott Becker with the Becker Business, the Becker Private equity podcast. Today's discussion is will the electric vehicle companies bounce back? So here's the discussion. Year to date, the three big electronic vehicle companies are down as follows. Rivian down about 20%, Tesla about 16%. And Lucid Motors, the smallest of three, is down about two and a half to 3%. Now, in terms of car sales, Tesla's still at about 1.6 million a year. Rivian about 42 to 50,000 a year, and Lucid, way down at about 16,000 cars a year. Lucid, just for the record, even though they're only down 3% this year, 230% this year is down something like 96% over the last five years. So I wouldn't view this year's uptick or not going down as much. Is that positive news? Now, the real story with these electric car companies is, is really how strong they are in technology and how much they're developing the autonomous driving systems, where that really ends up being the growth lever for them. And whether it ends up being with electric vehicles, which I think it will be, versus gas vehicles, but this concept of essentially them selling robo taxis, Tesla's rolling this out very aggressively. Rivian's rolling it up very aggressively. Lucid's a little bit behind, but moving in that direction too. And that might be the pure wave that these companies have to ride to make a comeback into sort of leading versus lagging the traditional gas motor cars. We'll see how it goes. I find it fascinating to watch. And again, today's discussion is will the electric vehicle car companies make a comeback? If they do so, it's largely going to be based on autonomous driving and robo type driving. We'll see how it goes. Thank you for listening to the Becker Business and the Becker Private Equity podcast. Thank you very much.