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Tesla, Rivian, and Nio are all trying to take market share from legacy automakers in the car industry.
Fool.com contributor Parkev Tatevosian compares Rivian (RIVN 7.80%), Tesla (TSLA 6.18%), and Nio (NIO 14.44%) across critical financial metrics, including their latest production numbers, to determine which is the best stock to buy now.
*Stock prices used were the afternoon prices of Oct. 9, 2023. The video was published on Oct. 11, 2023.
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nio and Tesla. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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