Better EV Stock: Rivian vs. Tesla
The electric vehicle market is getting crowded as traditional automakers release new EV models and new start-ups expand their position in the market. The result has been a rise in EV sales, which jumped 7% in the U.S. last year.
But finding a long-term winner among EV stocks isn't exactly easy right now. The share prices of many companies have fallen over the past few years as investors have tried to figure out how quickly EVs might replace traditional autos.
That's left some people wondering whether established EV maker (NASDAQ: TSLA) or start-up Rivian (NASDAQ: RIVN) is a better buy. Here's the case for each.
Source Fool.com
Tesla Inc Stock
€289.25
-1.330%
Currently there is a rather positive sentiment for Tesla Inc with 106 Buy predictions and 38 Sell predictions.
As a result the target price of 410 € shows a positive potential of 41.75% compared to the current price of 289.25 € for Tesla Inc.
