Tesla (NASDAQ: TSLA) is the top electric vehicle (EV) stock with a market cap over $1 trillion, driven by its robotaxi division. However, Rivian Automotive (NASDAQ: RIVN) is a hidden gem with upcoming models under $50,000 that will directly compete with Tesla’s popular models, offering a potentially better long-term investment.

Rivian’s stock, with a market cap under $20 billion, trades at a significant discount compared to Tesla. Despite this, Rivian is investing in AI and self-driving capabilities, positioning itself as a tech and AI play in addition to an EV manufacturer. Rivian’s upcoming model releases and autonomous features could reshape market perception and increase its valuation.

Rivian presents a growth opportunity with various paths to success, trading at a discount relative to Tesla. Investors have the chance to buy into a growth stock at a value price, making Rivian an attractive investment option for the long term. Consider the potential returns and join Stock Advisor for the latest insights on top stocks.

Read more at Nasdaq: 2 Things Every Rivian Investor Needs to Know