Investors have generally decided to award generous valuations to pre-revenue electric vehicle (EV) OEM developers, apparently believing that the opportunity is large enough that many such companies will ultimately produce highly sought-after vehicles. Phrased a little differently, the market for now has decided they will all be winners, the degree of their likely success being the only differentiating factor. Rivian Automotive, Inc. (NASDAQ: RIVN) and Lucid Group, Inc. (NASDAQ: LCID), with stock market capitalizations of US$86 billion and US$66 billion, respectively, are presumably the companies most poised for success, but even troubled Lordstown Motors Corp. (NASDAQ: RIDE) and Workhorse Group...