Is Rivian a Millionaire-Maker Stock?
It's hard to believe it nowadays, but four years ago electric vehicles (EVs) were seen as a transformational growth opportunity, and industry valuations reflected it. At its peak, Rivian Automotive (NASDAQ: RIVN) was worth over $125 billion, making it one of the world's most valuable automakers at the time. With the company now worth just under $16 billion, to say industry sentiment has changed would be an understatement.
However, it is often said that the best time to get greedy is when others are fearful. The EV industry's crash could be an excellent opportunity to scoop up quality stocks for cheap. Let's explore the pros and cons of Rivian to decide whether the company has millionaire-maker potential.
From a bird's-eye view, the situation for the U.S. EV industry looks grim. While companies like have brought the technology into the mainstream, many of the early adopters seem to have already been reached. Furthermore, the rollback of government support during the Trump administration could further dampen consumer demand.
Source Fool.com
Tesla Inc Stock
Currently there is a rather positive sentiment for Tesla Inc with 123 Buy predictions and 47 Sell predictions.
As a result the target price of 392 € shows a slightly positive potential of 11.86% compared to the current price of 350.45 € for Tesla Inc.
