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EV stocks soared in 2021; investors betting revenue to follow in 2022

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Rivian electric trucks are seen parked near the Nasdaq MarketSite building in Times Square on November 10, 2021 in New York City.

Michael M. Santiago | Getty Images

If 2021 was the year for electric vehicle stocks, 2022 is the year for actual deliveries. At least that’s the wager.

Investor money this year poured into Rivian and Lucid Motors, valuing the EV companies at a combined $150 billion. Neither company has generated meaningful revenue, and they’ve just begun getting keys into the hands of consumers.

Several other U.S. EV makers, including Canoo, Lordstown Motors and Fisker, have hit the public markets in the past year-plus with much lower valuations and promises to start delivering…



Source cnbc.com

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