Better EV Stock: Rivian or Tesla?
Rivian (NASDAQ: RIVN) is kind of like 's (NASDAQ: TSLA) runner-up. If you're looking to invest in the electric vehicle (EV) sector, you could buy either one. However, there are some interesting facts you'll want to consider before you make your final choice.
Tesla's first EV was a high-end model. After reaching scale production, it began offering lower-cost EVs for mass-market customers. This is a logical progression, since building a manufacturing business from the ground up is very expensive. There's no way around the fact that early production numbers will be low. Generating the most revenue per vehicle to offset the high start-up costs is probably the best course of action for a business.
Image source: Getty Images.
Source Fool.com
Tesla Inc Stock
€293.45
-0.810%
Our community is currently high on Tesla Inc with 106 Buy predictions and 38 Sell predictions.
With a target price of 410 € there is a positive potential of 39.72% for Tesla Inc compared to the current price of 293.45 €.
