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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 2.46%), Tesla (TSLA 1.12%), and Nio (NIO 0.43%) 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.
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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