Forget Rivian, Buy This Magnificent Electric Vehicle (EV) Stock Instead
Making its public debut in November 2021, Rivian (NASDAQ: RIVN) arrived on the electric vehicle (EV) scene with a bang. The company's initial public offering (IPO) was the largest for an American company since Meta in 2014, raising a whopping $12 billion.
But since its historic debut, Rivian has struggled to find its footing in an industry that is growing more competitive by the year. That's why investors are better off owning companies that already have a proven track record of success, such as Tesla (NASDAQ: TSLA).
As the competition heats up, Tesla's distinct advantages will help it continue to grow over the long term and possibly even squash the dreams of hopefuls like Rivian. Here are a few reasons why Tesla is a much better stock to own than Rivian.
Source Fool.com
Tesla Inc Stock
Currently there is a rather positive sentiment for Tesla Inc with 74 Buy predictions and 28 Sell predictions.
As a result the target price of 248 € shows a slightly positive potential of 15.19% compared to the current price of 215.3 € for Tesla Inc.
