More Likely to 5x First: Tesla vs. Rivian
Earning five times your money -- or 400% -- from an investment may sound like a daunting task, but one first has to put it into the perspective of a time frame. To accomplish that return in five years would equate to an astounding 38% annual return. But over a 10-year period, it would result from a more reasonable 17.5% annual return.
Growth stocks can certainly achieve that rate of growth, but come with plenty of added risk. Electric vehicles (EVs) only made up 10% of global new-car sales last year, so that market sector has the potential to give investors outsized returns.
Tesla (NASDAQ: TSLA) and Rivian Automotive (NASDAQ: RIVN) would have two different paths for those 400% returns. Let's see which one looks more likely to achieve it first.
Source Fool.com
