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2021-12-09

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BofA Explains Neutral Rating for Tesla, Buy for Rivian, Lucid

Bank of America offered explanations Wednesday for its ratings on electric vehicles, which include n

BofA Explains Neutral Rating for Tesla, Buy for Rivian, Lucid

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In the U.S. market alone,\" he said. \"We project more than 85 new standalone electric vehicles will be coming to market over the next several years.”\nWhen it comes to Rivian, the customers and partnerships category represents a strength, he said.\n“RIVN has one key partner in Amazon AMZN,” which serves as its anchor customer for electric delivery vans, helped develop the product for last-mile delivery and serves as a key source of funding and endorsement for the company, Murphy said.\nMeanwhile, Lucid benefits from its commercialization strength, he said. 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BofA Explains Neutral Rating for Tesla, Buy for Rivian, Lucid

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