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Which Electric Vehicle Stock Is a Better Investment? -Breaking

by Mike Robinson

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© Reuters. Rivian vs Tesla: What Electric Vehicle Stock is a Better Investment

Investors that are positive about the future of electric vehicles (EVs) might add stocks like Rivian and Tesla to their portfolios. Rivian is backed and valued at multi-billions of dollars by Amazon (NASDAQ):. While Tesla has been a dominant market player that has seen incredible returns, Rivian is a stock with a much lower valuation. Shares of Tesla (TSLA), for example, have risen by close to 90% over the past six months. Rivian Automotive’s recent IPO (RIVN), however, has seen a 45% increase since last week.

Given the global shift to clean energy, the long-term potential of EV stock growth remains unaffected. But, like any industry that is still growing at a rapid pace, the EV sector will attract both legacy and new players over the next decade.

This article compares which EV stocks between Rivian and Tesla to determine the best investment. Do you think it is better to bet on Tesla, or should Rivian surge higher into 2021?

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