Will Rivian Become the Next Tesla?
Whether you're an industry watcher or a casual investor, it's been hard to ignore the coverage of up-and-coming electric vehicle (EV) manufacturer Rivian Automotive (NASDAQ: RIVN). From shattering initial public offering (IPO) records to fetching an over-$150 billion valuation at its peak (which is more than General Motors, Ford, or even Starbucks), Rivian embodies a spirit of optimism and imagination.
However, hope and wishful thinking don't go far in the investing world. For a growth story to truly play out, a company must demonstrate an ability to capture market share, chart a path toward profitability, and prove its mettle during tough times. Love it or hate it, Tesla (NASDAQ: TSLA) has these attributes in spades.
Let's see if Rivian has what it takes to become the next Tesla.
Source Fool.com
