Rivian vs. Tesla: Which AI-Powered Electric Vehicle Maker Is the Better Investment?
Vehicles have become increasingly electronic over the years. Now that electric vehicles (EVs) don't even have combustion engines, vehicles resemble computers more than machines. EV companies like (NASDAQ: TSLA) and Rivian Automotive (NASDAQ: RIVN) can issue over-the-air software updates to vehicles and collect user data on their drivers. That's setting the stage for artificial intelligence to play a significant role in the future of transportation.
Against that backdrop, the race is on as EV companies rush to grab market share in a global market with nearly 300 million vehicles on the road in the United States alone. Will a much larger and more established Tesla continue generating great returns? Or is the up-and-coming Rivan the stock to own moving forward?
Here is what you need to know.
Source Fool.com
Tesla Inc Stock
Currently there is a rather positive sentiment for Tesla Inc with 72 Buy predictions and 29 Sell predictions.
As a result the target price of 240 € shows a slightly positive potential of 18.08% compared to the current price of 203.25 € for Tesla Inc.
