After the November 3 midterm elections, smaller EV makers Lucid and Rivian saw their stocks rise by 12% and 6% respectively, driven by increased risk appetite and upcoming earnings reports. Lucid is focusing on improving cash flow and robotaxi testing, while Rivian benefits from strong sales of its lower-priced R2 SUV despite recent cash flow challenges. Tesla's stock fell 3%, reflecting investor concerns about potential regulatory hurdles under the new Democratic-controlled Senate and the impact on CEO Elon Musk's ventures, including AI and SpaceX. Investors await Lucid's Q3 report for clearer signs of financial health amid ongoing challenges.
Lucid shares on Pluang rose by 10.93% to USD 3.35 as of Nov 05, 2026 02:21 WIB, closely matching the article's noted 12% gain. Rivian's stock increased by 5.49% to USD 14.02, slightly below the 6% rise mentioned. Tesla's price dropped 1.92% to USD 390.85, less steep than the 3% fall reported, reflecting mixed investor sentiment on the platform.
