Better EV Stock: Rivian vs. Tesla
(NASDAQ: TSLA) has dominated the electric vehicle (EV) market for over a decade, but the company's core business has begun to struggle. Rivian Automotive (NASDAQ: RIVN), meanwhile, is still in the early innings as an automaker, but is starting to hit important milestones.
Both stocks come with risk, but one has a much better setup for investors right now.
Rivian slipped back into negative gross margins in Q2 after two straight positive quarters, with higher material costs due to supply constraints and new tariffs taking their toll. The loss of the federal $7,500 EV tax credit this fall will be another drag. Those are real headwinds, but they don't take away from the progress that Rivian has been making.
Source Fool.com
Tesla Inc Stock
€331.20
7.240%
Our community is currently high on Tesla Inc with 104 Buy predictions and 40 Sell predictions.
With a target price of 398 € there is a positive potential of 20.17% for Tesla Inc compared to the current price of 331.2 €.
