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Today we’re kicking off a new spotlight on another very popular segment in the EV space – stocks. Over the past couple years, we’ve seen EV automakers financial bolstered or inhibited by IPOs, SPAC Mergers, or updates to their EV plans. Below, you can see how some of the companies building EVs compare side by side on Wall Street and how far they have come – or fallen – in the past year.

Table of contents

Comparing three different groups of EV stocks

Below you will find three separate tables, each unique in its own way, but each part of one cohesive set of data – how companies that are building some degree of EVs are doing stock-wise over the last month, how each compares to its competitors, and how each company’s numbers compare to its status a year ago.

The first chart is a global stock comparison, including legacy and EV automakers around the globe. We have included their highest stock price in their primary market, regardless if it’s in the United States or not. For instance, companies like Volkswagen Group and BMW are primarily sold on the XETRA German Electronic Exchange, Volvo Cars is on the market in Sweden, etc.

The second chart includes EV stocks sold in the US market. You may see some of the same automakers, but they may have different tickers, as they pertain to one of the United States’ several local exchanges.

Last but not least, we couldn’t provide EV stock numbers without delivering a table dedicated specifically to EV automakers, right? The third table consists of automakers that manufacturer EVs only – no legacy automakers that are starting to dabble in electrification here. In this table, you’ll see some startups that have gone public in recent years and how they’ve fared so far. Spoiler alert – not great.

Keep in mind, not one granule of this post is financial advice. It is simply stock data relevant at the time of this posting, compiled into one place for you to peruse, compare, and draw your own conclusions. With that, let’s start with the top ten EV stocks around the globe in October.

Global stock comparisons

EV Automaker Current Value
(10/28/2022)
Last Month’s Value
(9/28/2022)
Monthly Change YOY Change
(10/28/2021)
1 Tesla ($TSLA) $225.09 $287.76 -$67.44 -$138.69
2 Toyota ($TM) $138.52 $136.91 +$1.61 -$37.96
3 Volkswagen Group ($VOW3.DE) $126.68 $137.90 -$11.22 -$68.10
4 Porsche ($P911.DE) $100.45 $82.50 +$17.95* –––––
5 BMW ($BMW.DE) $79.44 $71.58 +$7.86 -$7.90
6 Mercedes-Benz ($MBG.DE) $58.27 $54.44 +$3.83 -$25.58
7 Volvo Cars ($VOLCAR.B-ST) $45.14 $51.36 -$6.22 -$20.06
8 BYD ($BYDDY) $42.91 $53.80 -$10.89 -$31.94
9 GM ($GM) $38.53 $35.24 +$3.29 -$15.71
10 Rivian ($RIVN) $34.76 $35.06 -$0.30 -$95.19**
* – Compared to 9/30/22 IPO / ** – Compared to 11/8/21 IPO

It should come as no surprise that American automaker Tesla is number one in EV stock. Despite a pretty big fall compared to October 2021, the EV company is still nearly double the value of its second place competitor Toyota, which it dethroned as the world’s most valuable automaker years ago.

We feel a bit generous including Toyota in this list of EV stocks, because it’s just starting to dip a pinky toe into the BEV pool with its bZ4X, which will see boosted production following a massive recall pertaining to the EV’s wheels literally falling off. A steady outlook for BEV production could be a reason for Toyota being in the green compared to a month ago. Still, it remains down overall YOY.

Following its IPO split from parent Volkswagen Group on September 30, Porsche showed the biggest gains in October by a lot, jumping nearly $18 in value. We will keep eyes on this going forward to better gauge its early valuation and see how it pans out over time.

Porsche valuation

EV stock comparisons in the US markets

EV Automaker Current Value
(10/28/2022)
Last Month’s Value
(9/28/2022)
Monthly Change YOY Change
(10/28/2021)
1 Tesla ($TSLA) $225.09 $287.76 -$67.44 -$138.69
2 Toyota ($TM) $138.52 $136.91 +$1.61 -$37.96
3 BYD ($BYDDY) $42.91 $53.80 -$10.89 -$31.94
4 GM ($GM) $38.53 $35.24 +$3.29 -$15.71
5 Rivian ($RIVN) $34.76 $35.06 -$0.30 -$95.19**
6 Hyundai ($HYMTF) $27.72 $31.15 -$3.43 -$13.95
7 BMW ($BMWYY) $26.40 $23.56 -$0.07 -$15.40
8 Volvo Cars ($VLVLY) $16.47 $14.27 +$2.20 -$7.14
9 Mercedes-Benz ($MBGYY) $14.52 $13.35 +$1.17 -$9.91
10 Lucid Group ($LCID) $14.10 $15.21 -$1.11 -$21.38
** – Compared to 11/8/21 IPO

Moving our sights to US-specific markets, Tesla is again your top dog (get used to it). Toyota again grabs silver, but Build Your Dreams (BYD) is holding in third place for October, despite a near $11 loss in valuation compared to a month ago. Still, it has bested American automaker GM.

What may be most impressive about BYD’s success in the US market so far is that the company does not sell passenger EVs in the country – only commercial vehicles like buses and heavy-duty trucks. Household names round out the rest of the US list and include two nascent EV automakers in Rivian and Lucid Group. More on them below.

EV stocks

How the stocks of EV-specific companies stack up

EV Automaker Current Value
(10/28/2022)
Last Month’s Value
(9/28/2022)
Monthly Change YOY Position
(10/28/2021)
1 Tesla ($TSLA) $225.09 $287.76 -$67.44 -$138.69
2 BYD ($BYDDY) $42.91 $53.80 -$10.89 -$31.94
3 Rivian ($RIVN) $34.81 $35.06 -$0.30 -$95.19**
4 Lucid Group ($LCID) $14.10 $15.21 -$1.11 -$21.38
5 NIO ($NIO) $9.47 $17.31 -$7.84 -$31.32
6 Fisker Inc. ($FSR) $7.84 $8.10 -$0.26 -$7.94
7 XPeng Inc. ($XPEV) $6.64 $13.32 -$6.68 -$39.60
8 Polestar ($PSNY) $4.17 $5.50 -$1.33 -$6.54
9 Nikola Corp. ($NKLA) $3.06 $3.94 -$0.88 -$8.37
10 Lordstown Motors ($RIDE) $1.70 $1.99 -$0.29 -$3.46
11 Canoo ($GOEV) $1.38 $2.12 -$0.74 -$6.60
12 Arrival ($ARVL) $0.77 $0.84 -$0.07 -$15.40
13 Mullen Automotive Inc. ($MULN) $0.48 $0.36 +$0.12 -$7.94
** – Compared to 11/8/21 IPO

If you’re here reading on Electrek, you may agree that this last list is the most exciting and probably most volatile head to toe. These 13 companies make up a lot of the EV stock being sold around the world. More importantly, they showcase just how drastic valuations can be between established scaled automakers and EV startups.

Tesla is once again the group leader (surprise surprise), followed by BYD, who continues to expand its footprint outside of China and into new markets, particularly in Europe right now.

The next two on the list are names you’d expect – Rivian and Lucid. Both are relatively young in the stock world but show minimal drops this month despite growing pains in scaling their respective EV production lines. YOY comparisons have not been kind to either young automaker, especially Rivian, which is down nearly $100 per share following its massive IPO in November of 2021.

Other Chinese EV automakers with US stock market presence join BYD on the list, including NIO and XPeng. Like BYD, neither sell passengers EVs in the country yet. Companies 10 through 13 are the current bottom feeders – EV startups that have yet to deliver an EV, and their valuation shows it.

Each of these companies has its own unique potential in a booming market, but each has faced its own setbacks in reaching scaled production. Whether their hurdles have been financial, infrastructural, or even controversial, these startups continue to fight on.

Of all of the companies on these EV stock lists, these may be most exciting to watch succeed and grow their valuation – if they can. Time will tell.

That’s all for now, check back with Electrek next month for the November report, so we can once again compare how these EV company stack up. Not only against one another, but also against themselves.

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Georgia launches free rooftop solar and EPA now wants to steal its grant money

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Georgia launches free rooftop solar and EPA now wants to steal its grant money

Georgia BRIGHT, a statewide initiative to deliver affordable solar, kicked off its “No-Cost Solar Plan” in Atlanta yesterday, giving qualified homeowners a shot at roughly 400 fully prepaid rooftop-solar systems with zero upfront or maintenance costs. However, Georgia Bright’s No-Cost Solar Plan may lose its $156 million in grant money if the EPA steals back the Solar for All program’s entire $7 billion, which funded it.

On Earth Day (April 22) 2024, the Georgia BRIGHT Communities Coalition, including lead applicant Capital Good Fund, along with coalition member cities, Atlanta, Savannah, and Decatur, and dozens of other Georgia stakeholders, was allocated $156 million from Solar for All to bring solar to thousands of households statewide between now and mid-2029.

Families that earn 80% or less of their county’s Area Median Income can enter a drawing for the No-Cost Solar Plan now; a second drawing for another 400 systems is set for spring 2026.

“As the cost of living increases across our most vulnerable communities, this program will deliver significant savings to the households that need it most,” said Alicia Brown, director of Georgia BRIGHT.

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Those savings are already showing up. Pilot participant Christine Difeliciantonio saw her power bill plunge on her Columbus home from $224 in June 2024 to $50 in June 2025 after her panels came online, and she says the added resilience eases her mind during storms.

Nonprofits are benefiting, too. Trees Atlanta had 140 panels installed on their headquarters last November in the pilot program; the rooftop array went live in March and is on track to save about $3,000 a year, the carbon equivalent of planting 28,000 trees over 25 years.

What’s next for Georgia BRIGHT …

Georgia BRIGHT’s other programs in the works include its Residential Solar Savings Plan, offering custom rooftop installs with no upfront cost and guaranteeing households at least 20% savings on day one after factoring in the modest monthly payments. Georgia BRIGHT is also developing Community Benefit Solar, which lets businesses, houses of worship, and apartment buildings go solar so long as they share part of the financial benefits – think grocery gift cards, help with utility bills, discounted daycare, or rent relief – with eligible neighbors for five years. Finally, a Utility-Led Community Solar initiative will send grants to local utilities so they can run shared-solar programs designed specifically for low-income customers.

These programs really make a difference in a state like Georgia, which doesn’t offer any other solar incentives.

… if the EPA doesn’t steal its money

The New York Times reported today that the Trump-led EPA is drafting letters to claw back the entire $7 billion Solar for All pot from 49 states, plus 11 nonprofit groups and Native American tribes. The grant money was awarded under President Biden’s 2022 Inflation Reduction Act. According to the Times‘ sources, the EPA plans to send termination notices this week, effectively erasing solar savings for nearly a million low-income families before the panels ever land on their roofs.

Legal groups are already gearing up for the fight. “If leaders in the Trump administration move forward with this unlawful attempt to strip critical funding from communities across the United States, we will see them in court,” Kym Meyer of the Southern Environmental Law Center told the Times.

If the EPA pulls the trigger on this cruel, senseless plan to steal solar from lower-income communities, it wouldn’t just kneecap Georgia’s new program – it would pull the rug out from under low-income solar projects nationwide. The fight over Solar for All is officially on. How about that energy emergency that Trump declared, eh?

Read more: This metro Atlanta factory roof is now a solar record-breaker


The 30% federal solar tax credit is ending this year. If you’ve ever considered going solar, now’s the time to act. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them. 

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

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Tesla’s in trouble, Elon gets a bonus, and Chevy wants to sell you a 1,000 mile EV

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Tesla's in trouble, Elon gets a bonus, and Chevy wants to sell you a 1,000 mile EV

Tesla is in trouble, facing down hundreds of millions in fines on a single Autopilot wrongful death claim, accusations of covering up evidence, and plummeting sales in Europe, China, and the US. But, hey – that’s no reason to NOT give Elon a $29 billion bonus, right? Find out more on today’s troubling episode of Quick Charge!

We’re also helping Costco celebrate the first half-birthday of its EV marketplace, where you can get a great deal on a new Chevy Silverado EV capable of going more than one thousand miles on a single charge [insert 400 pages of fine print and disclaimers here –Ed.].

Today’s episode is brought to you by Retrospec, the makers of sleek, powerful e-bikes and outdoor gear built for everyday adventure. Quick Charge listeners can get an extra 10% off their next ride until August 14 with the exclusive code ELECTREK10, only at retrospec.com.

Prefer listening to your podcasts? Audio-only versions of Quick Charge are now available on Apple PodcastsSpotifyTuneIn, and our RSS feed for Overcast and other podcast players.

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New episodes of Quick Charge are recorded, usually, Monday through Thursday (most weeks, anyway). We’ll be posting bonus audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news.

Got news? Let us know!
Drop us a line at tips@electrek.co. You can also rate us on Apple Podcasts and Spotify, or recommend us in Overcast to help more people discover the show.

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Lucid (LCID) cuts production target for 2025, but there’s more to it

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Lucid (LCID) cuts production target for 2025, but there's more to it

Lucid Group (LCID) lowered its production goal for 2025, citing a changing market environment. Despite missing second-quarter expectations, the EV maker still has ambitious growth plans.

Why is Lucid lowering its 2025 production guidance?

After reporting Q2 earnings on Tuesday, Lucid said it now expects to produce around 18,000 to 20,000 vehicles, down from the previous 20,000 it had previously maintained.

The company said the updated production target reflects “the potential impact of continuously changing market environment and external factors.”

Despite reporting record revenue of $259.4 million, it missed Wall Street’s expectations of around $280 million. Lucid posted a net loss of $790 million, or 0.34 per share. With an adjusted loss per share of 0.24, the company also missed bottom-line estimates of a 0.21 loss per share.

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Lucid ended the quarter with $4.86 billion in total liquidity, including $3.63 billion in cash, cash equivalents, and investments.

Lucid-EV-production-Q2
Lucid Air (left) and Gravity (right) Source: Lucid

The reserve provides “ample flexibility,” according to Lucid, to fund operations, scale Gravity production, and invest in future platforms.

Lucid confirmed that it believes the liquidity is sufficient to fund it through the second half of 2026, when it will begin production of its midsize platform. The platform will have at least three “top hats,” including an expected midsize SUV and sedan. With prices starting at around $50,000, Lucid’s midsize models are expected to compete with the Tesla Model Y and Model 3.

Lucid-Uber-EV-robotaxi
Lucid Gravity SUV fitted with Nuro’s self-driving tech (Source: Lucid)

Last month, Lucid announced a partnership with Uber and Nuro to deploy 20,000 electric robotaxis over the next six years. Uber will invest $300 million in Lucid as part of the collaboration.

It’s also expanding awareness with the addition of a new brand ambassador, Timothée Chalamet. The multi-year partnership will launch with a new advertising campaign this fall.

Lucid-Q2-2025-earnings
Lucid delivery and production (Source: Lucid Group)

Despite lowering its full-year production goal, Lucid achieved its sixth consecutive quarter of record deliveries. Lucid delivered 3,309 vehicles in Q2 and produced 3,863 at its Casa Grande, Arizona, plant.

Despite the lower forecast, Lucid said it’s still “on track to significantly increase production” in the second half of 2025.

Like most auto brands, Lucid is preparing for a shakeup under the Trump Administration. However, Lucid already builds most components in the US, including the battery and powertrain. It’s also expanding its supply chain with new partnerships for domestic EV resources such as Graphite.

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