Better Buy: Rivian vs. Nio Stock
Rivian Automotive (NASDAQ: RIVN) and (NYSE: NIO) are among the most closely followed electric vehicle (EV) stocks. While Nio is a key player in the world's largest EV market, China, Rivian stole the spotlight when it beat legacy automakers and became the first company to launch an all-electric pickup truck, the R1T.
The markets, however, haven't been kind to Rivian and Nio. Both EV stocks have fallen by double-digit percentages over the past year as multiple challenges – both external and internal -- hit the EV makers.
However, Rivian and Nio are both showing signs of a turnaround, and it could only be a matter of time before their stock prices recover if the companies can execute their plans. Which among the two beaten-down EV stocks, though, is a better buy now? Here's the bull case each for Rivian and Nio to help you decide.
Source Fool.com
NIO Inc. Stock
The community is currently still undecided about NIO Inc. with 2 Buy predictions and 0 Sell predictions.
With a target price of 5 € there is a positive potential of 22.37% for NIO Inc. compared to the current price of 4.09 €.
