Tesla Vs. Rivian: Which EV Stock Offers More Upside?
Portfolio Pulse from Surbhi Jain
Tesla Inc (TSLA) and Rivian Automotive Inc (RIVN) are compared in terms of stock performance and potential upside. Year-to-date, TSLA has surged 117.81%, while RIVN has declined by 5.25%. Tesla's growth is attributed to Cybertruck production and record deliveries, whereas Rivian has faced production issues. Analysts suggest Tesla may be overvalued with a potential downside of 12.23%, while Rivian is favored with a 60.74% potential upside based on current analyst ratings.
November 27, 2023 | 6:58 pm
News sentiment analysis
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NEGATIVE IMPACT
Tesla's stock has seen significant growth this year, but analysts predict a potential downside of 12.23% from its current price, suggesting it may be overvalued.
Tesla's stock has experienced a substantial increase, which may lead to a correction if analysts' predictions of being overvalued are accurate. The potential downside reflects a cautious short-term outlook for investors.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Rivian's stock has underperformed this year, but analysts see a significant upside of 60.74%, suggesting it may be undervalued and has room to grow.
Rivian's current underperformance and analysts' positive outlook indicate a potential for stock price recovery and growth, making it an attractive option for investors looking for upside potential.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80