Year to date, Tesla shares are down 18.1%, Rivian 37.2%, Lucid 70.7%, Archer Aviation 46% and Joby Aviation 65.3%. Rivian has a $16.9 billion market cap, more than the $8.8 billion combined of the other three companies, and its Standard R2 trim is expected to debut in 2027 at a $44,990 starting price. Rivian announced a capital raise of 75 million shares in July, which caused its stock to fall 18%, and the article describes Rivian as a high-risk proposition until the Standard R2 launches. Lucid, which is not yet profitable, has postponed its lower-cost model to late 2027. Archer and Joby are both waiting for FAA type certification; the article considers approval unlikely in 2026, making 2027 the year to watch.
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