1 EV Stock to Double Down On, and 1 to Avoid Entirely
Here's the brutal truth: Simply producing electric vehicles (EVs) won't make a company the next -- which traded at sky-high valuations for years. Investors found that out the hard way as many EV stocks plunged over the last year or two.
With many EV stocks trading relatively cheaply versus historical levels, investors have a great opportunity to scoop up shares for the long haul. Here's one EV stock to double down on, and one to avoid.
Rivian (NASDAQ: RIVN) executives have their hands full trying to simultaneously accelerate vehicle production while vastly improving the company's cost structure to slow down its cash burn. The good news for investors is that the company is making progress on both objectives, and it has a cash stockpile of roughly $12 billion, which should be sufficient to take it well down the road.
Source Fool.com
Tesla Inc Stock
Currently there is a rather positive sentiment for Tesla Inc with 72 Buy predictions and 29 Sell predictions.
As a result the target price of 240 € shows a slightly positive potential of 17.1% compared to the current price of 204.95 € for Tesla Inc.
