Could Rivian See a 122% Year-to-Date Rally Like Tesla?
For those who have some interest in investing in the automotive industry, there are some intriguing long-term trends now underway that have real potential to boost a stock portfolio. One obvious trend involves electric vehicles (EVs) and it began largely on interest in (NASDAQ: TSLA). A more recent trend is deciding which of the start-up EV companies can grow into a true Tesla rival.
While the interest does go to the potential performance of each company, most investors are admittedly more focused on the stock performance of these EV makers. As EV companies go, Rivian (NASDAQ: RIVN) often gets mentioned as a potential manufacturer who could eventually compete with Tesla.
As for stock performance, does Rivian have a chance to come close to matching Tesla's 122% year-to-date rally?
Source Fool.com
Tesla Inc Stock
Currently there is a rather positive sentiment for Tesla Inc with 72 Buy predictions and 29 Sell predictions.
As a result the target price of 240 € shows a slightly positive potential of 16.45% compared to the current price of 206.1 € for Tesla Inc.
