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Despite sluggishness in the broader markets, Rivian (RIVN) stock has seen some traction and has managed to recoup its 2025 losses, with shares up more than 6% over the last month. While this is not particularly exciting performance, in the context of greater electric vehicle stock weakness, it is worth noting. Tesla (TSLA), for instance, has lost almost a third of its market cap this year and is down 4% over the past month. Lucid Group (LCID) has is down roughly 20% in the year to date.
Plus, the trend of EV bankruptcies has continued into 2025, with Nikola (NKLAQ) being the latest to file for bankruptcy protections.