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Electric Vehicle Stocks: One to Buy, Two to Avoid Amid Robotaxi Hype
Electric Vehicle Stocks: One to Buy, Two to Avoid Amid Robotaxi Hype
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BTCCSquare news:
Investor enthusiasm for electric vehicle stocks is shifting from sales growth to the emerging robotaxi opportunity, projected as a $5 trillion to $10 trillion global market. Tesla (TSLA) and Lucid (LCID) are aggressively investing in autonomous ride-hailing services, while Rivian (RIVN) remains focused on traditional vehicle production.
Tesla launched its robotaxi service in Austin this year, followed by Lucid's partnership to supply 20,000 vehicles for a similar venture. Market reactions were immediate, with both stocks rallying on the announcements. Yet scaling these services faces significant time hurdles—Elon Musk himself predicts a multi-year rollout before widespread adoption.
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