From Yahoo Finance: 2025-04-14 08:05:00

Tesla (NASDAQ: TSLA) has seen an incredible 19,000% increase in share value since 2010, making it one of the best investments. Investors are now seeking the next big electric vehicle (EV) stock after Tesla’s peak growth. Rivian (NASDAQ: RIVN) is a top pick for its promising future growth potential.

Rivian’s current lineup consists of two luxury models that are expensive, limiting its market reach. Sales growth is expected to decline next quarter by 17.5%, while competitors are projected to see double-digit growth. However, Rivian’s valuation is appealing, and future sales should increase significantly with the launch of more affordable models in 2026.

For those seeking even greater growth potential, Lucid Group (NASDAQ: LCID) offers a riskier but potentially rewarding investment opportunity. With a higher valuation than Rivian, Lucid is expected to experience significant revenue growth this quarter and plans to introduce three affordable models by 2026. However, the company has less cash on hand and leadership uncertainties.

While Rivian appears to have a clearer path to affordable mass-market models, Lucid has a higher raw upside potential. Investors should weigh their options carefully before investing in either company, considering factors like valuation, growth prospects, and company stability. The Motley Fool’s Stock Advisor team has identified 10 promising stocks, excluding Rivian Automotive, that could offer substantial returns in the future.

Read more: 2 High-Growth Electric Vehicle (EV) Stocks to Buy Now (Hint: Not Tesla)