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Could Rivian See a 74% Rally Like Tesla?

TheMotleyFool

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Could Rivian See a 74% Rally Like Tesla?: https://g.foolcdn.com/editorial/images/720829/family-getting-in-to-rivian-r1s.jpg

Tesla (NASDAQ: TSLA) is having an incredible year with its stock up 74% so far. However, other electric vehicle (EV) makers like Rivian (NASDAQ: RIVN) haven't seen nearly the return Tesla has, with its stock returning just 15% since the calendar flipped to 2023.

So is Rivian stock a sleeping giant? Or is Tesla just in a league of its own? Let's find out.

Rivian is just in its first year of production and is rapidly ramping its production pace. Just look at the progress it made throughout 2022.

Source Fool.com

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