If Tesla Is Only Selling This Many Trucks, How Much Growth Is There for Rivian?

Tesla (NASDAQ: TSLA) effectively created the electric vehicle market, proving to the legacy automakers that they needed to view the technology as a legitimate business threat. Every EV company is compared to Tesla, which has gone from an upstart business to a sustainably profitable and sizable automaker. This is where the new Cybertruck and EV truck maker Rivian (NASDAQ: RIVN) intersect.Tesla makes electric vehicles, from sedans to trucks. It also does a number of other high-tech things (like robotics and clean energy), so it isn't exactly a pure-play auto stock. However, that doesn't change the fact that it has a sizable auto business. In 2024, Tesla sold nearly 1.8 million EVs across all of its vehicle platforms.Image source: Rivian.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool