4 Reasons to Buy This Tesla Rival Hand Over Fist

Everyone would love to brag to coworkers, friends, and family about finding and investing in the next . If it were as easily done as said, we'd all be retired and wealthy already.

While it will likely be a very long time before any electric vehicle (EV) stock matches Tesla's roughly 16,000% stock price increase since its initial public offering (IPO), Rivian Automotive (NASDAQ: RIVN) has qualities that could make it an extremely successful investment.

Even Tesla CEO Elon Musk noted that manufacturing EVs is "insanely difficult" -- and that's from a guy who also focuses on building rockets. Because manufacturing EVs is difficult, and especially at a time when the industry is seeing increasing competition and options for consumers, Rivian's recent wins in J.D. Power studies give the company credibility about the quality of its vehicles.

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Source Fool.com