Is Rivian the Best EV Stock to Own in 2024?
Rivian (NASDAQ: RIVN) was the first company to launch an electric pickup truck, but that space is quickly becoming more crowded. With the Ford F-150 Lightning and now the Tesla Cybertruck available, Rivian isn't the only kid on the block.
Still, it's an exciting investment because it's a young and growing company with a great product. But could it be the best EV stock for 2024? Let's find out.
Rivian's lineup currently consists of two vehicles: the R1T (T for truck) and the R1S (S for SUV). It also owns the contract to make Amazon's electric delivery vans. However, it plans on launching an R2 model in 2026 that is slated to be more economical. Rivian's vehicles aren't the cheapest EV options, so having a cheaper model that's more attractive to the masses will be key for expanding.
Source Fool.com
Tesla Inc Stock
Currently there is a rather positive sentiment for Tesla Inc with 55 Buy predictions and 25 Sell predictions.
As a result the target price of 250 € shows a very positive potential of 55.38% compared to the current price of 160.9 € for Tesla Inc.
