Is Rivian the Best Electric Vehicle (EV) Stock for You?
One possible reason for the slowdown in electric vehicle (EV) sales growth in 2024 is a lineup of options that has been growing stale. Industry leader recently launched its unique Cybertruck, but it hasn't made any major upgrades or design changes to the top-selling Model Y or more affordable Model 3.
Rivian Automotive (NASDAQ: RIVN) may be taking a hint from that situation and is being more aggressive with offering customers new options. Even after announcing its plans for a 2026 next-generation R2 vehicle platform, Rivian revamped its lineup of R1 vehicles. Now the company has a large new capital injection.
With the stock still trading down by more than 30% year to date, now may well turn out to be an opportune time to buy shares.
Source Fool.com
Tesla Inc Stock
Currently there is a rather positive sentiment for Tesla Inc with 70 Buy predictions and 27 Sell predictions.
As a result the target price of 247 € shows a slightly positive potential of 8.21% compared to the current price of 228.25 € for Tesla Inc.
