Better Stock Buy: Tesla or Rivian?
Electric vehicles (EVs) have become a big part of the future in the automotive industry, thanks mainly to the path (NASDAQ: TSLA) paved as the first company to mass-produce them successfully. Today, the dynamics of the EV market could be shifting. New competitors, such as Rivian Automotive (NASDAQ: RIVN), are ramping up, and almost all legacy brands have launched various EVs.
From an investment standpoint, Tesla's $700 billion market cap makes it a Goliath. At the same time, Rivian, a company with a valuation of $15 billion, plays the role of David, offering a newer stock with arguably higher potential.
But which is the better stock to own today? Here is what you need to know.
Source Fool.com
Tesla Inc Stock
Our community is currently high on Tesla Inc with 76 Buy predictions and 28 Sell predictions.
With a target price of 247 € there is a positive potential of 27.5% for Tesla Inc compared to the current price of 193.72 €.