The electric vehicle (EV) revolution could change the way the world moves, but most companies in the industry have experienced volatile valuation swings over the last year. Tesla (NASDAQ: TSLA) stock has skyrocketed by roughly 61% year to date, but its share price is still down by roughly 52% from its high. Meanwhile, Rivian (NASDAQ: RIVN) stock, up 3% in 2023, is approximately 89% below its peak.

Should investors put their money behind industry-leading Tesla, or would they be better off backing the smaller, more beaten-down Rivian? Two Motley Fool contributors have differing views on which of these EV stocks will deliver better returns from here. 

Image source: Tesla.

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Source Fool.com