Better Buy: Rivian vs. Tesla
Rivian (NASDAQ: RIVN) hit the public markets last week. A company with only a few dozen vehicle sales and a market cap over $100 billion seems to have broken the imagination of some investors. But let's not forget that Tesla (NASDAQ: TSLA) is a $1.1 trillion company, one of the most valuable in the world, despite selling only about 1% of all vehicles produced globally.
How can investors wrap their minds around these valuations and which stock is a better buy today? Let's dig into what we know and what we don't about these two electric vehicle stocks.
Image source: Rivian.
Source Fool.com
