Ford (NYSE: F) has a long history of making and selling cars, while Rivian (NASDAQ: RIVN) is only recently ramping up the production of electric vehicles. This video will answer which stock is the better buy.
One of the hot rumors swirling around the stock market on Friday concerned a top U.S. electric vehicle (EV) stock, so many titles in the sector saw big lifts on the day. Nio (NYSE: NIO) and fellow Chinese next-generation car maker Xpeng (NYSE: XPEV) both closed more than 4% higher against the S&P 500 index's 0.3% bump. Shares of American EV company Rivian (NASDAQ: RIVN), meanwhile, booked an over 8% gain.
Shares of EV stocks traded sharply higher this week as some relatively good news came out of the industry. Earnings from Tesla (NASDAQ: TSLA) certainly helped, but rumors of a buyout did as well. The biggest mover was Lucid (NASDAQ: LCID), which is up 128% since last Friday's close as of 2 p.m. ET, Rivian (NASDAQ: RIVN) is up 30.8% in that time, and EVgo (NASDAQ: EVGO) is up 17.5%, according to S&P Global Market Intelligence.