This EV Stock Is Way Cheaper Than Tesla
(NASDAQ: TSLA) remains one of the most exciting electric-vehicle (EV) stocks on the market today. The company is rapidly investing in its robotaxi division, which could ultimately become a $5 trillion to $10 trillion opportunity.
However, Tesla isn't the only game in town. If you're betting on EVs, you'll want to consider a position in the company below. Its stock price is way cheaper than Tesla's right now.
Tesla's stock may be fairly valued, based on its exciting growth opportunities, but that doesn't mean its valuation is easy to stomach. Right now, shares trade at nearly 16x sales. Rivian Automotive (NASDAQ: RIVN), meanwhile, trades at just 3x sales. With a market cap of $18 billion, Rivian also has significantly more growth upside potential than Tesla, which trades at a $1.2 trillion valuation.
Source Fool.com
Tesla Inc Stock
Currently there is a rather positive sentiment for Tesla Inc with 102 Buy predictions and 40 Sell predictions.
As a result the target price of 396 € shows a positive potential of 33.06% compared to the current price of 297.6 € for Tesla Inc.
