Could Rivian Become the Next Tesla?
As one of many hopeful competitors in the electric vehicle (EV) market, Rivian Automotive (NASDAQ: RIVN) has risen to become a popular investment for many investors looking to capitalize on future EV adoption. The ultimate hope is that the up-and-coming company can follow a trajectory like that of the current EV giant, Tesla (NASDAQ: TSLA).
However, with some examination, it will become abundantly clear that the chances of Rivian ever becoming the "next Tesla" are likely nothing more than visions of grandeur. Here's why investors are better off focusing on Tesla and ditching Rivian.
Image source: Getty Images.
Source Fool.com
Tesla Inc Stock
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As a result the target price of 247 € shows a positive potential of 29.32% compared to the current price of 191.0 € for Tesla Inc.
