Buy Rivian and Tesla Stock, Sell Fisker and Lucid Stock, Analyst Says. Here’s Why.


‘s coming price cuts are going to make it very difficult for other electric vehicle startups—which means investors will have to be choosier when selecting stock in the sector.

The Tesla (ticker: TSLA) cuts are evidence that EVs are passing from acute under-supply to potential over-supply, according to

Morgan Stanley

analyst Adam Jonas. He sees the sector entering a “share-out phase” and recommends investors hold less exposure to EV stocks.