How Much Longer Will Tesla and Rivian Underperform the Nasdaq Composite?
The stock market is making new all-time highs seemingly every day. Over the past 12 months, the Nasdaq Composite is up 33.8%, but it hasn't been a good time for most electric vehicle (EV) investors.
Tesla (NASDAQ: TSLA) is down 4%, and Rivian Automotive (NASDAQ: RIVN) is down more than 19% over that same time frameNAS. Year-to-date doesn't get any better, as the Nasdaq is up 5.1%, while Tesla is down 19.5%, and Rivian is down 30.5%.
Let's look at what is holding these companies back, and what needs to happen to turn things around.
Source Fool.com
Tesla Inc Stock
€196.46
0.670%
Currently there is a rather positive sentiment for Tesla Inc with 72 Buy predictions and 26 Sell predictions.
As a result the target price of 246 € shows a positive potential of 25.22% compared to the current price of 196.46 € for Tesla Inc.
