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
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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
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