Tesla Inc. NASDAQ: TSLA shares have recovered somewhat since April 2025 but remain down about 15% year-to-date (YTD). The largest car company in the world by market value has experienced analyst downgrades in recent weeks.
There's a lot to love about Rivian Automotive (RIVN 2.88%) stock right now. Over the next 12 to 24 months, the company will experience several major growth catalysts.
Shares of Rivian Automotive Inc. (NASDAQ: RIVN) have retreated 5.7% over the past five trading sessions, bringing the stock's year-to-date gain to 0.7%.
Despite heavy volatility, Rivian (RIVN 4.40%) share prices have jumped nearly 20% in value over the past year. Part of that growth is tied to analyst expectations that revenue will jump by 10% this year, with another 48% growth anticipated in 2026.
Demand for electric vehicles is expected to surge over the next several decades. While much of this growth is expected globally, penetration for EVs is still expected to rise substantially in the U.S., the primary market for both Lucid Group (LCID -2.55%) and Rivian Automotive (RIVN -3.34%).
Rivian Automotive (RIVN -3.34%) has a very promising future. Starting in early 2026, management expects to start production of three new affordable electric vehicles (EVs).
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