Top 5 exclusive EV companies based on long-term success opportunities

There are many upstart electric vehicle manufacturers around the world.

So far, most people have barely delivered proactively to customers.

Portfolio managers looking to invest in one of these companies can have a hard time finding a company that truly has the capital and vision to succeed in a competitive market. The industry now includes the world's largest automaker, General Motors (GM. US) and Hyundai Motor Company (HYMTF. Companies such as US are aggressively entering the electric vehicle market.

However, some of these smaller startups still have room to grow and thrive across the EV space, or focus on niche markets in the EV space. These are just five companies with the potential to gain significant market share in this growth trend.

5. Fisk

Fisker (FSR. US) gross revenue of $106,000 in 2021. The EV maker has yet to be able to produce any electric cars for its customers, but the good news is that it hasn't lost as much as many other companies have lost no production, as it has only lost $500,000.

The company's first model, the 2023 Fisker Ocean, is a small battery-electric crossover that is currently in pre-production and will be manufactured by Magna (MGA) in Austria starting in November and expected to be delivered in the U.S. shortly thereafter. Fisker intends to sell directly to consumers without a reseller, with the 2023 Ocean model starting at $37,499 and offering rental options.

Investors looking to bet on a new ev company that is actually expected to start delivering next year are better off taking a look at Fisker because of its relatively affordable prices and production schedules.

4. Rivian

Rivian (RIVN. US) is a well-known name at this point, and prices have fluctuated a lot since the initial public offering, as Jeff Bezos' favorite truck has recently received a lot of attention with a market capitalization of more than $40 billion. However, the company hasn't managed to rank higher on the list because of its constant pushback deadlines and its recent decision to raise the price of two cars it already has customers pre-order.

The delay in production is not unique to Rivian, and it is almost guaranteed to happen to almost any EV company, including the one run by Elon Musk. However, even if companies have a large backlog, multiple delays and sudden price increases are not good signs. In addition, targeting the EV truck and SUV markets could be a good option because there isn't much competition there, but it's hard to ignore the perception that enthusiasts of large trucks aren't closely tied to proponents of EVs. The truck and SUV for adventurers and environmentalists is a cool niche, but it's hard to imagine it having that big niche.

3. Be sober

With a market capitalization of more than $43 billion is Lucid Group (LCID.US), which recently partnered with Nvidia (NVDA) to develop its latest self-driving car technology platform, Drive Hyperion 9. The platform will provide Lucid's advanced driver assistance technology and wireless updates. In addition to the Project Gravity, an electric SUV scheduled for release in 2024, Lucid is also using the platform in its current model.

Lucid's luxury car brand is not trying to break into the general automotive market dominated by big brands, but wants to create the best electric cars on the market. It's a daunting task, but it seems far more successful than producing a profitable electric car for $25,000 and selling it to Volkswagen. Also, unlike the Rivian, the wealthy seem to be more inclined to opt for high-end electric cars than some rugged outdoor adventurers, but that's just a hypothesis.

The company now expects to deliver between 12,000 and 14,000 vehicles by 2022, as forecast reductions and production delays appear to affect every EV maker. Producers' earnings per share loss is narrowing, but the company is still losing money and is unlikely to be profitable anytime soon.

2. NIO

Nio Inc. (NIO. US) is actually not much smaller than Rivian or Lucid, and currently has a market capitalization of more than $35 billion. The company has a longer history than most electric vehicle producers, with revenues of more than $1 billion in 2019 and jumping to nearly $2.5 billion in 2020. The manufacturer also managed to achieve positive gross profit in 2020. Meanwhile, the Chinese electric vehicle maker delivered more than 25,000 vehicles in the fourth quarter of 2021, up 44 percent year-over-year.

Meanwhile, Wall Street remains bullish on the company, as 33 of the 37 analysts give NIO a buy rating and the other four give a hold rating. Investors looking for a small electric vehicle company that is already producing cars and reporting profits should focus on THE CONTINUED GROWTH OF NIO. However, there is still one company that excludes it, and it is clearly so.

1. Tesla

Of course. Does anyone really expect other options from EV makers? Musk's beloved son and gift to mankind Tesla (TSLA. US) has moved quickly around the globe to make the transition to electric vehicles, as the old men who have been making gasoline and diesel-powered cars for decades are being pushed to look to the future, finally. Once the current auto giants are fully focused on the market and offer cheaper options due to their huge economies of scale, Tesla may not become the leading electric vehicle producer in 10 or 20 years.

However, among the current relatively "new" electric vehicle-focused manufacturers, Tesla is far ahead with its long track record. The company achieved nearly 1 million deliveries in 2021, reaching 936,000, far more than any other option on the list. Tesla could easily be the company most likely to still be in operation in 2050, but that doesn't stop the absurd reality of the stock's valuation today. The stock's run is based on the retailer's dream of Musk's fairytale world, but that may be enough to keep it from really collapsing for a while.