Could Rivian Become the Next Tesla?

Tesla (NASDAQ: TSLA) achieved something that was thought to be virtually impossible. It built an electric vehicle (EV) company (from the ground up!) and ultimately was able to take on the auto industry's largest competitors. Rivian Automotive (NASDAQ: RIVN) has similar dreams, but investors hoping that Rivian is the next Tesla need to watch closely to see if Rivian can start to mend this sizable problem in 2024.

If you wanted to build an online retailer you could pretty easily set that up in a day. There are tools out there that allow you to find a product, create a website, and support the entire back-end process of selling and shipping. If you wanted to build an automobile manufacturer, well, it would be a little harder.

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Source Fool.com