Better EV Stock: Rivian vs. Nio
While electric vehicle (EV) continue to draw investor interest, they are no longer trading on hype alone. Instead, investors are picking stakes in companies that demonstrate growing demand, scaling production, improving margins, and limited dilution risk.
Two key contenders are U.S.-based Rivian Automotive (NASDAQ: RIVN) and China-based (NYSE: NIO). Both EV companies offer solid products and offerings, but one of them seems better positioned for the next couple of years. Let's see which one.
Image source: Getty Images.
Source Fool.com
NIO Inc. Stock
€4.28
1.830%
The community is currently still undecided about NIO Inc. with 0 Buy predictions and 1 Sell predictions.
A potential of -29.92%, resulting from comparing the current price of 4.28 € with the target price of 3 € for NIO Inc., shows the chance of incurring significant losses.
