Every electric vehicle (EV) maker wants to become the next (NASDAQ: TSLA). Since going public in 2010, Tesla shares have increased in value by 15,700%. The S 500, by comparison, rose by just 600% over the same time period.

Many investors in Rivian Automotive (NASDAQ: RIVN) are betting that it will become the next Tesla. And there are several good reasons to think they're right. Here are the three most important factors to pay attention to.

The EV industry is rife with failures. Just last month, Fisker declared bankruptcy, saying that it would liquidate all of its assets.

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Source Fool.com