Better EV Stock: Tesla vs. Rivian vs. Lucid
Many promising electric vehicle (EV) stocks have had a tough time in recent years. 's (NASDAQ: TSLA) auto sales have declined for several years straight. Rivian's (NASDAQ: RIVN) sales growth has also flatlined. Lucid Group (NASDAQ: LCID), meanwhile, continues to post mounting losses.
Here's the thing: All three of these companies are chasing a $10 trillion opportunity that could cause their stock prices to soar in the coming years. But only two of these three companies are properly positioned to take advantage and create enormous value for shareholders.
The robotaxi market is just getting started. Some estimates place the current market size at between $1 billion to $2 billion globally. But huge growth is anticipated, thanks to sizable improvements in self-driving capabilities due to rapidly advancing artificial intelligence (AI) technologies. "Artificial intelligence is reshaping the car and becoming a key differentiator," concludes a recent report from global consulting firm McKinsey Co.
Source Fool.com
Tesla Inc Stock
Currently there is a rather positive sentiment for Tesla Inc with 105 Buy predictions and 38 Sell predictions.
As a result the target price of 410 € shows a positive potential of 38.58% compared to the current price of 295.85 € for Tesla Inc.
