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Best Stocks to Buy: Tesla Stock vs. Nio Stock vs. Rivian Stock

By Parkev Tatevosian, CFA – Mar 25, 2024 at 7:00AM EST

The electric vehicle industry is diligently working to find the right balance of supply and demand.

Fool.com contributor Parkev Tatevosian compares Tesla (TSLA 1.79%), Nio (NIO 2.56%), and Rivian (RIVN 7.24%) to answer which is the best electric vehicle stock to buy today.

*Stock prices used were the afternoon prices of March 21, 2024. The video was published on March 23, 2024.

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About the Author

Parkev Tatevosian, CFA
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.
TMFParkev
X@TMFParkev

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.

Stocks Mentioned

Tesla Stock Quote

Tesla

NASDAQ: TSLA
$439.20 (0.02%) $8.00
Nio Stock Quote

Nio

NYSE: NIO
$4.56 (0.03%) $0.12
Rivian Automotive Stock Quote

Rivian Automotive

NASDAQ: RIVN
$17.48 (0.07%) $1.36

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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