Polestar, Rivian, Lucid – क्या EV विशेषज्ञ Ford और GM की प्रतिस्पर्धा में टिक पाएंगे?

Despite the promise behind electric vehicles (EVs), it would appear as though many companies in the sector, not named Tesla (TSLA ), are struggling.  Just days ago, Polestar – the former performance division for Volvo, that spun off into its own brand for Chinese made EVs – प्रकाशित किया a second-quarter loss of $304M.  Notably, this is not the only sign of EV manufacturers ‘spinning their tires’ in recent months.  The following is a brief look at a few examples of this, which, along with the inevitability of EV adoption, may have created a prime buying opportunity for savvy investors.

प्रमुख निर्माता

Before taking a closer look at the struggles currently being faced by EV manufacturers, we have highlighted a few key industry players below.

Polestar Automotive (NASDAQ: PSNY)

Prior to going its own way in 2021, Polestar functioned as the performance division for Volvo.  While the two companies retain close ties, Polestar now operates as an independent company specializing in the production of high-end EVs.   In its first two years of operation, Polestar saw its revenue double to $2.46B in 2022.
https://youtu.be/qi14cHxgfto

Polestar गॉथेनबर्ग, स्वीडन में स्थित है।

बाजार पूंजी: $6.99B

आगामी मूल्य-से-आय अनुपात (P/E) 1yr: N/A

प्रति शेयर आय (EPS): N/A
At the time of writing, Polestar Automotive (PSNY) boasted the above metrics and is listed as a ‘Buy’ among most major investment firms.

Rivian Automotive (NASDAQ: RIVN)

With early backers like Amazon (AMZN ) and Ford, Rivian was able to generate massive interest in its fully electric truck known as the ‘R1T’ and its SUV counterpart, the ‘R1S’.  While units shipped by the company failed to impress in 2022, its future still looks bright, as it still has a winning product on its hands without any real competition to be found.
https://youtu.be/dNgf-Z2CMKA

Rivian Automotive (RIVN ) इरविन, कैलिफ़ोर्निया में स्थित है।

बाजार पूंजी: $22.10B

आगामी मूल्य-से-आय अनुपात (P/E) 1yr: -3.96

प्रति शेयर आय (EPS): $-6.47
At the time of writing, Rivian Automotive (RIVN) boasted the above metrics and is listed as a ‘Strong Buy’ among most major investment firms.

Lucid Group (NASDAQ: LCID)

As it looks to make a name for itself, Lucid Motors opted to go the luxury route with its offering known as the Lucid ‘Air’.  These premium offerings showcase the future of what EVs will look like, boasting astounding performance metrics without sacrificing range.
https://youtu.be/h-YRjjrVh-4

Lucid Group न्यूआर्क, कैलिफ़ोर्निया में स्थित है।

बाजार पूंजी: $14.52B

आगामी मूल्य-से-आय अनुपात (P/E) 1yr: -4.21

प्रति शेयर आय (EPS): $-1.51
At the time of writing, Lucid Group (LCID) boasted the above metrics and is listed as a ‘Buy’ among most major investment firms.

Tesla (NASDAQ: TSLA)

Tesla, Inc. is both an electric vehicle and clean energy company.  While it is renowned for its lineup of electric vehicles, it has increasingly expanded operations over the years to include solar energy products and energy storage solutions as well, such as the Powerwall and Solar Roof.

उत्पाद की परवाह किए बिना, Tesla का लक्ष्य इलेक्ट्रिफिकेशन और ऑटोमेशन के माध्यम से वैश्विक ऊर्जा स्थिरता को बढ़ावा देना है। उल्लेखनीय रूप से, Tesla एक प्रमुख डेटा एग्रीगेटर भी बन गया है, जिससे यह भविष्य की स्वायत्त टैक्सी सेवाओं की नींव विकसित कर सकता है, साथ ही कृत्रिम बुद्धिमत्ता जैसी सहायक तकनीकों को भी।

Tesla की स्थापना 2003 में हुई थी और यह टेक्सास, संयुक्त राज्य अमेरिका में स्थित है।

बाजार पूंजी: $777.66B

आगामी मूल्य-से-आय अनुपात (P/E) 1yr: 83.05

प्रति शेयर आय (EPS): $3.53
At the time of writing, Tesla (TSLA) boasted the above metrics and is listed as a ‘Buy’ among most major investment firms.

डेविड बनाम गोलियाथ

For multiple years, niche EV manufacturers like Polestar, Rivian, Lucid, and Tesla boasted a slight first-movers advantage with regard to full electric vehicles.  While industry goliaths like Ford and General Motors (GM ) now have offerings of their own, there was a period in which hybrid variants were as good as it got from each.  Aside from Tesla, it is now unclear if the aforementioned EV specialists were able to take advantage of being a first mover to the extent needed to survive.

अब तक, Lucid और Rivian दोनों ने अनुमानित उत्पादन संख्याओं को पूरा करने में संघर्ष किया है, जबकि Polestar ने सार्वजनिक होने के बाद अपने शेयरों में लगभग 65% की गिरावट देखी है। अब जब Ford, General Motors और विभिन्न अन्य स्थापित ऑटोमोटिव निर्माताओं ने मूल रूप से इस दौड़ में पकड़ बना ली है, तो क्या प्रत्येक कंपनी के विशाल संसाधन अधिक निचले निर्माताओं के विनाश का कारण बनेंगे?

Heck, even Ford has struggled, having already been forced to drop the price of its F-150 Lightning as sales failed to live up to expectations.  The difference is that Ford can rely on sales from its existing lineup of internal combustion engine (ICE) vehicles to keep its EV aspiration afloat until industry kinks can be worked out.

मैक्रोइकॉनॉमिक्स का प्रभाव

Whether it be a niche manufacturer or an industry mainstay, the fact remains that various macroeconomic factors are currently acting as an anchor on EV adoption.  With central banks around the world doing their best to stave off inflation through manipulation of FIAT via rising interest rates, skyrocketing property values, etc., a question arises – who among the general public has enough liquid capital to purchase a rapidly depreciating asset like an EV?

इसका प्रमाण देखने के लिए, संयुक्त राज्य में कार मालिकों द्वारा अपने वाहनों को रखने की औसत अवधि देखें। 2017 में एक नया रिकॉर्ड स्थापित हुआ, जिसमें औसत स्वामित्व अवधि 11.6 वर्ष तक बढ़ गई, और नई वाहनों की बढ़ती कीमतें इस प्रवृत्ति के प्रमुख कारणों में से एक थीं। 2021 तक यह प्रवृत्ति जारी रही, जिसमें स्वामित्व अवधि का नया रिकॉर्ड 12.1 वर्ष देखा गया।

With the cost of living and vehicle MRSPs only continuing to rise in the time since, it would stand to reason that EV adoption is clearly being held back from reaching its potential.  At the end of the day, who has money for a luxury item like an EV at such times?

क्या Tesla ने खेल जीत लिया है?

While manufacturers like Polestar, Rivian, and Lucid are reliant on EV sales and fresh investment capital to stay afloat, Tesla has long since branched out, expanding on its revenue streams.  Whether it be licensing access to its charging network, offering in-home battery solutions, or developing commercial offerings like its electric transport truck, Tesla continues to diversify while simultaneously building a strong foundation that can support its consumer EVs during trying times.  Due to these reasons and many more, Tesla appears to be the only truly safe bet among pure EV manufacturers with a clear place among existing industry goliaths in the years to come.

आगे की ओर देखते हुए

In the coming months, there are big developments expected from various EV manufacturers that may help each get back on track.

• Rivian ने अगली पीढ़ी के इन-हाउस पावरट्रेन जिसे ‘Enduro Drive Unit’ कहा जाता है, को उत्पादन में डाल दिया है।
  • यह प्रदर्शन और दक्षता में सुधार प्रदान करेगा, साथ ही उत्पादन लागत को कम करेगा।
• Lucid 2024 में अपना पहला SUV, जिसे ‘Gravity’ कहा जाता है, लॉन्च करेगा।
  • यह उत्तर अमेरिका में अधिक लोकप्रिय SUV खंड को लक्षित करता है।
• Polestar अक्टूबर में Polestar 4, एक मध्य-आकार का SUV, का उत्पादन शुरू करने के लिए तैयार है।
  • यह बाजार के सबसे लोकप्रिय खंडों में से एक को लक्षित करने के लिए भी तैयार है, जो एक पूर्ण-आकार के SUV की कार्यक्षमता को एक कार के प्रदर्शन के साथ जोड़ता है।

While only time will tell if these developments are enough to spur increased adoption/sales, they underscore a continuing drive by each company to persist and thrive.

अंतिम शब्द

The bottom line is that despite recent struggles experienced by companies like Polestar, the transition towards EVs is inevitable at this point.  Whether the public likes it or not, an increasing amount of governments have already, or are preparing to, enact laws incentivizing such adoption.  Within a decade, EVs will be so widespread that any woes currently experienced may be looked back upon as mere hiccups, making the current share pricing of the aforementioned companies look like a steal.

हालांकि यह कोई गारंटी नहीं है कि निचले निर्माता उस दिन तक मौजूद रहेंगे, जबकि Ford जैसे उद्योग दिग्गज इस प्रतिस्पर्धा में प्रवेश जारी रख रहे हैं, वास्तविक वृद्धि की संभावना बनी रहती है।