Better EV Stock: Rivian vs. Tesla
Tesla (NASDAQ: TSLA) has long been the leader in the electric vehicle (EV) market, but several upstarts have also entered the picture in recent years. One of the best-positioned in the domestic market at this time is Rivian (NASDAQ: RIVN). Let's consider which stock has a better chance of outperforming the other in the coming years.When it comes to the EV market, Tesla has not been fairing well lately. While some of this can be attributed to increased competition in the pure EV space and the rising popularity of hybrid vehicles, much of Tesla's recent sales slump can be laid directly at the feet of CEO Elon Musk. His foray into politics as a major donor to President Donald Trump's campaign and his leadership role at the head of Trump's "Department of Government Efficiency" (DOGE) angered many liberals, leading to protests and boycotts of Tesla vehicles. More recently, he got into a major spat with Trump that may have alienated him from consumers on the other side of the political spectrum as well.Image source: Getty ImagesContinue reading
Tesla (NASDAQ: TSLA) has long been the leader in the electric vehicle (EV) market, but several upstarts have also entered the picture in recent years. One of the best-positioned in the domestic market at this time is Rivian (NASDAQ: RIVN). Let's consider which stock has a better chance of outperforming the other in the coming years.
When it comes to the EV market, Tesla has not been fairing well lately. While some of this can be attributed to increased competition in the pure EV space and the rising popularity of hybrid vehicles, much of Tesla's recent sales slump can be laid directly at the feet of CEO Elon Musk. His foray into politics as a major donor to President Donald Trump's campaign and his leadership role at the head of Trump's "Department of Government Efficiency" (DOGE) angered many liberals, leading to protests and boycotts of Tesla vehicles. More recently, he got into a major spat with Trump that may have alienated him from consumers on the other side of the political spectrum as well.
Image source: Getty Images
