In this piece, I evaluated two EV stocks, Tesla (TSLA) and Rivian Automotive (RIVN), using TipRanks’ Comparison Tool to see which is better. A closer look suggests a bullish view of Tesla and a neutral view of Rivian.
Known for the Roadster, Model S, Model E, and now the Cybertruck, Tesla manufactures and sells all-electric vehicles, solar energy systems, and energy storage products. The company also operates a network of Supercharger stations. Meanwhile, Rivian is known for the R1S, an all-electric, mid-size SUV, and the mid-size, light-duty R1T pickup truck.
Shares of Tesla have plunged 20% year-to-date and are down 18% in the past year. Rivian Automotive stock has plummeted 37% year-to-date and is down 34% in the past 12 months.
Tesla’s and Rivian’s declines are indicative of the broader market for EV stocks, most of which have declined dramatically amid concerns about potentially weakening demand for…
