Better EV Stock: Rivian vs. Tesla
Before (NASDAQ: TSLA), electric vehicles (EVs) were just something that hobbyists played with. Now, however, every major automaker and a significant number of EV-focused producers compete in the EV space.
This is the backdrop in which Rivian (NASDAQ: RIVN) is operating as it tries to ride Tesla's coattails, with a business focused on EV trucks. Is it a better choice today than Tesla?
Building an industrial business from the ground up is a massive feat. The cost of developing a working product and then building the manufacturing assets to mass produce it are huge. Doing this in the highly competitive and highly regulated world of cars is even more impressive, but that's exactly what Tesla did when it created an electric-vehicle business from scratch.
Source Fool.com
Tesla Inc Stock
Currently there is a rather positive sentiment for Tesla Inc with 103 Buy predictions and 40 Sell predictions.
As a result the target price of 397 € shows a positive potential of 28.15% compared to the current price of 309.8 € for Tesla Inc.
