Rivian Automotive Inc

NASDAQ:RIVNUnited States

By Al Root

When it comes to auto stocks, Wall Street sees one winner no matter who wins the election. That's Tesla.

Investors have had bigger issues than politics to worry about this year. Most of the traditional auto makers have had subpar years, with Ford Motor off 6.7% and Chrysler-owner Stellantis down 41%. General Motors, up 47% so far in 2024, has been the loan winner thanks to a stable business and massive share repurchases. Even with those gains, the trio trades for an average of about 5 times the estimated 2025 earnings, less than a quarter of the S&P 500's 21 times.

Nasdaq Giants and Rising Innovators Face Critical Earnings Reports This Quarter

PALM BEACH, Fla., Oct. 24, 2024 (GLOBE NEWSWIRE) -- FN Media Group Market Commentary - Investors Brace for a High-Stakes Earnings Season as Key Players in Tech, EVs, and AI Reveal Their Performance. As earnings season heats up, several companies listed on the Nasdaq exchange are under the microscope. From emerging innovators to established market leaders, each faces unique challenges that will be revealed in their quarterly reports. The stakes are high, with market sentiment, stock prices, and future growth trajectories hanging in the balance. This quarter, Siyata Mobile (NASDAQ: SYTA), Rivian (NASDAQ: RIVN), Tesla (NASDAQ: TSLA), and Nvidia (NASDAQ: NVDA) are at critical junctures that could shift the momentum of their stocks and influence broader market trends.