Rivian Vs. Lucid: One Of These Tesla Rivals Is Stuck In Neutral Ahead Of Q1 Earnings

Zinger Key Points

Rivian stock shows bullish technicals ahead of earnings; supplier park fuels optimism for R2 production.
Lucid faces bearish momentum as tariff concerns overshadow Saudi tech tie-up before Q1 report.
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Rivian Automotive Inc. RIVN and Lucid Group Inc. LCID are both set to report earnings after the close on Tuesday. Both carmakers are bleeding cash, but only one seems to be gaining traction.

Rivian: Building Momentum And Infrastructure

Wall Street is bracing for Rivian to post a loss of 76 cents per share on $1 billion in revenue, but pre-earnings sentiment is leaning cautiously optimistic.

The Irvine, California-based company just unveiled plans to spend $120 million on a 1.2 million-square-foot supplier park next to its Illinois factory, reported Stocktwits. The strategic move, meant to streamline operations ahead of R2 production in 2026, adds credibility to the EV maker's long-term story.

Still, the stock dipped 1% in early trading as investors wait to see whether words will turn into numbers.

Chart created using Benzinga Pro

Still, Rivian’s stock is in the fast lane, trading above its 20, 50 and 200-day simple moving averages (SMAs). Its Moving Average Convergence Divergence (MACD) indicator sits at 0.48, and the Relative Strength Index (RSI) is a comfortable 58.74 – signaling strong but not overheated momentum. Recent selling pressure can be seen as the stock trades below its eight-day SMA of $13.39.

Shares are up just 1% year to date, but the setup looks bullish overall in terms of earnings, especially with infrastructure expansion backing the narrative.

Lucid: Low Power Mode?

Lucid is expected to report a 23-cent per-share loss on $250 million in revenue. But unlike Rivian, pre-earnings sentiment is weaker.

Lucid’s recent announcement of a high-tech partnership with Saudi Arabia's KAUST to develop autonomous driving components and AI hardware was quickly overshadowed by geopolitical jitters. As the Saudi Public Investment Fund remains Lucid's largest backer, rising tariff risks under the Trump administration are spooking investors.

Chart created using Benzinga Pro

Technically, the setup is shaky. Newark, California-based Lucid is trading below its five, 20 and 50-day moving averages — classic bearish territory. RSI is stuck at 42.13, and the MACD is 0.00, lacking any direction and conviction.

Lucid stock is down nearly 24% so far in 2025. Investors may be more interested in clarity on Gravity SUV timelines and tech licensing than Tuesday’s revenue number.

With both Rivian and Lucid earnings on deck, signals suggest only one EV stock has the green light.

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