I need to make a quick investment decision—should I put my $50K in NIO or Rivian?

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I need to make a quick investment decision—should I put my $50K in NIO or Rivian?

24/7 Wall St. Insights: The electric vehicle industry is in transition, particularly in the U.S. where government support is about to be eliminated. Nio (NIO) is the premier luxury EV maker in China where sales are growing sharply and the company has introduced new, popular models to the market. Rivian Automotive (RIVN) has bounced back and expects to achieve “modest” gross profitability in the fourth quarter, but could see its business defla…