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Could Rivian Become the Next Tesla?

TheMotleyFool 
0 0 22.03.24
Could Rivian Become the Next Tesla?Photo, wide shot, wide-angle lens, soft focus, Car rental company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-C39HK7mRtkD4E8dIGhNKdJKJ.png?st=2023-05-14T13%3A30%3A04Z&se=2023-05-14T15%3A30%3A04Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-13T20%3A57%3A44Z&ske=2023-05-14T20%3A57%3A44Z&sks=b&skv=2021-08-06&sig=c7kEiWtHt1KibrlL7jP9uEmEuV%2BuAnv1nRBACXoedSk%3D
 

Tesla (NASDAQ: TSLA) achieved something that was thought to be virtually impossible. It built an electric vehicle (EV) company (from the ground up!) and ultimately was able to take on the auto industry's largest competitors. Rivian Automotive (NASDAQ: RIVN) has similar dreams, but investors hoping that Rivian is the next Tesla need to watch closely to see if Rivian can start to mend this sizable problem in 2024.

If you wanted to build an online retailer you could pretty easily set that up in a day. There are tools out there that allow you to find a product, create a website, and support the entire back-end process of selling and shipping. If you wanted to build an automobile manufacturer, well, it would be a little harder.

TSLA EPS Diluted (Quarterly) Chart

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Source Fool.com

Tesla Inc Stock

€290.75
-0.820%
The price for the Tesla Inc stock decreased slightly today. Compared to yesterday there is a change of -€2.400 (-0.820%).
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 41.01% compared to the current price of 290.75 € for Tesla Inc.
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