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.

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Source Fool.com