The U.S. electric vehicle (EV) industry continues to struggle in 2025, with startups like Nikola and Canoo filing for bankruptcy, following the trend from the previous year. Rivian and Lucid Motors stand out as the only notable EV startups left, trading at a fraction of their highs. Rivian’s strategy mirrors Tesla’s, with recent moves like holding an Autonomy & AI Day. While Rivian and Tesla seem similar, they differ in CEO personalities and sustainability. Rivian’s valuations are significantly lower than Tesla’s, and the company still needs to show positive cash flows. Both Rivian and Tesla face challenges in 2026, but Tesla remains a more favorable bet due to its track record and valuation.

Read more at Barchart: Rivian Is Copying Tesla’s Playbook, but Is RIVN a Better Buy Than TSLA for 2026?