Comparing Tesla (NASDAQ: TSLA) to any other auto company can be difficult given the fervent following and wide-ranging ambitions of CEO Elon Musk. But Rivian (NASDAQ: RIVN) may be the next great EV company to follow in Tesla's footsteps.
For investors, the difference between these two comes down to strategy, value, and the risks you're willing to take.
I think it's important to understand the difference between Tesla's strategy and Rivian's. Elon Musk and Tesla have clearly built a strategy based on volume growth above all else. Recent price reductions that could lead to a price war are one sign of how Tesla is holding the line on volume over price.
Source Fool.com