Global demand for Electric Vehicles (EVs) is expected to drive significant growth in the auto industry. Amid this positive background, it would be wise of you to buy up three stocks, Toyota Motor Corporation (TM), Hino Motors, Ltd. (HINOY) and Ferrari N.V. (RACE), which are fundamentally stronger than Rivian Automotive, Inc. (RIVN).
Automotive company RIVN posted weak financials in the last reported quarter. Although narrowing its losses compared to the prior-year period, the company still posted a $1.37 billion net loss attributable to common stockholders and a net loss per share of $1.44.
