Rivian Vs. Lucid: EVs Forge Partnerships To Tackle Tesla
Rivian and Lucid are forming partnerships to compete with Tesla in the EV market. Lucid has partnered with Uber to deploy 20,000 autonomous SUVs by 2026, backed by a $300 million investment. Meanwhile, Rivian is expanding its delivery fleet with Amazon and has secured a $5.8 billion software joint venture with Volkswagen. Despite these efforts, both companies are still facing cash burn, while Tesla continues to dominate with over 400,000 vehicle deliveries last quarter and expanding its Supercharger network.
While Lucid Group Inc LCID plugs into Uber Technologies Inc's UBER robotaxi dreams; and Rivian Automotive Inc RIVN expands its Amazon.com Inc AMZN delivery fleet — Tesla Inc TSLA remains the only profitable pure-play EV maker.
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Uber Rides, But Lucid Waits
Lucid's splashy partnership with Uber and Nuro to deploy 20,000 autonomous SUVs by 2026 signals ambition. Throw in a $300 million investment from Uber, and it sounds like a futuristic jackpot. But with delivery years away, it's more promise than profit for now. Lucid's also betting on brand cachet, putting Timothée Chalamet in the driver's seat of its luxury image while supplying tech to Aston Martin.
Read Also: Lucid Is Now Shipping Adapters That Let Customers Access Elon Musk-Led Tesla’s Supercharger Network
Rivian's Delivery Route To Relevance
Rivian is riding real roads with Amazon.com Inc AMZN, supplying thousands of electric delivery vans. The exclusivity clause has lapsed, opening new revenue doors.
Add a $5.8 billion software JV with Volkswagen AG VLKAF and a battery deal with LG, and Rivian's hedging its bets on both mass-market scale and tech muscle. It's a solid strategy—but still deeply in cash burn mode.
Tesla's Doing Tesla Things
Meanwhile, Tesla quietly delivered over 400,000 vehicles last quarter, and is expanding its Supercharger empire—so successfully, Rivian and Lucid are both joining in.
While the others forge alliances to survive, Tesla's vertical integration and scale enable it to keep prices low and margins high, despite rising competition.
- Rivian Sales Hit 10-Month High, But Trump EV Rollbacks Threaten $300 Million Stream
Image: Courtesy of Rivian & Lucid
