The Best EV Stock to Invest $1,000 in Right Now
If you're looking at the electric vehicle (EV) space, you have probably examined Tesla very closely. That makes sense, given that the company basically created the EV market, forcing established automakers to take electric vehicles seriously for the first time.But Tesla is a fairly mature business at this point. If you have $1,000 to invest, you might want to consider a company that seems to be successfully following Tesla's playbook. That stock is EV truck maker Rivian (NASDAQ: RIVN).Rivian makes electric vehicles, just like Tesla and, at this point, just about every major automaker. But Rivian isn't trying to be all things to all people -- it's highly focused on making EV trucks and SUVs. This is a niche that allows the company to differentiate its product to some degree.Continue reading
If you're looking at the electric vehicle (EV) space, you have probably examined Tesla very closely. That makes sense, given that the company basically created the EV market, forcing established automakers to take electric vehicles seriously for the first time.
But Tesla is a fairly mature business at this point. If you have $1,000 to invest, you might want to consider a company that seems to be successfully following Tesla's playbook. That stock is EV truck maker Rivian (NASDAQ: RIVN).
Rivian makes electric vehicles, just like Tesla and, at this point, just about every major automaker. But Rivian isn't trying to be all things to all people -- it's highly focused on making EV trucks and SUVs. This is a niche that allows the company to differentiate its product to some degree.
