CNBC made a list of car stocks ranked by stock performance in 2024. Of the 14 companies listed, Rivian Automotive Inc. (NASDAQ: RIVN) was at the bottom, with a share price down 55%. General Motors Co. (NYSE: GM) topped the list with a 55% gain. The second worst-performing stock was that of another small electric vehicle (EV) manufacturer. Lucid Group Inc. (NASDAQ: LCID) shares dropped 48%.
Investors have worried that Rivian will not survive as a public company. Like many companies that post significant losses, it is in a race to become profitable before it runs out of cash.
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