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
€193.72
4.100%
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 €.
