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Will Rivian Become the Next Tesla?
Nov 28, 2021 | The Motley Fool
Picture - Will Rivian Become the Next Tesla?

Whether you're an industry watcher or a casual investor, it's been hard to ignore the coverage of up-and-coming electric vehicle (EV) manufacturer Rivian Automotive(NASDAQ:RIVN). From shattering initial public offering (IPO) records to fetching an over-$150 billion valuation at its peak (which is more than General Motors, Ford, or even Starbucks), Rivian embodies a spirit of optimism and imagination.

However, hope and wishful thinking don't go far in the investing world. For a growth story to truly play out, a company must demonstrate an ability to capture market share, chart a path toward profitability, and prove its mettle during tough times. Love it or hate it, Tesla(NASDAQ:TSLA) has these attributes in spades.

Let's see if Rivian has what it takes to become the next Tesla.

Tesla is now a $1 trillion company and by far the most valuable automaker in the world. But just a few years ago, Tesla was struggling to achieve consistent profitability and running out of cash as it found itself in the clutches of what CEO Elon Musk once called "production hell."

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