Lucid rose 12% to $3.38 and Rivian gained 6% to $14.04 as a post-election risk rally lifted smaller EV stocks, while Tesla fell 3% to $388.52 amid concerns over Democrats' control of Congress and its effect on Elon Musk's companies and AI build-out. Lucid's gain has little operational support: its Q3 2026 deliveries of 3,806 fell from a year earlier after production cuts, and the stock is still down 68% year to date. Rivian has a steadier footing, raising its 2026 delivery guidance to 67,000 to 70,000 vehicles after its R2 became its best-selling model by volume, though its free cash flow was negative $1.12 billion last quarter. Nio rose 4% to $3.31, and the article says its gain reflects a broad risk-on move more than U.S. policy specifics. Investors will watch Lucid's report next week for progress on its cash flow plan, with bulls pointing to robotaxi testing and bears to its stockholders' equity deficit, cash burn and a pending securities fraud lawsuit.
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electric vehiclesTSLARivianLucid
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Related tickers and likely impact
TSLA
▼ Likely negativeTesla, Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.6T |
| Close on 11/03/2026 | 398.22 |
| Change that session | -1.39% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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