Tesla vs. Rivian: An exciting showdown in electric vehicles – Tesla (NASDAQ: TSLA ), Rivian Automotive (NASDAQ: RIVN )

The electric vehicle (EV) industry continues to heat up, with two giants: Tesla Inc. Tesla and Rivian Motors Ruiwei Networkshowing comparison trajectories.

While Tesla remains an established giant, Rivian’s recent progress shows that it is accelerating to challenge the status quo.

Tesla: Deliveries down, but inventory chart shows strength

Tesla’s stock price has performed strongly, rising 70.39% in the past year and continuing to rise 5.26% last month. Despite this progress, annual vehicle deliveries recently fell from 1.81 million units in 2023 to 1.79 million units in 2024.

The company achieved record production in the fourth quarter of 2024, but deliveries in that quarter were down compared to the fourth quarter of 2023.

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From a technical perspective, TSLA stock remains in bullish territory, with shares above its 50-day and 200-day simple moving averages (SMA).

The MACD (moving average convergence/divergence) indicator is at 14.51 and the RSI (relative strength index) is at 52.30, indicating that TSLA stock still has room to rise, although recent bearish signals from short-term averages may cause caution.

Also Read: Tesla Share Price Will Rise Around 20%? Here are the predictions from 10 top analysts on Monday

Rivian: Deliveries beat expectations, inventory gains momentum

Although new, Rivian is riding a wave of optimism. The stock rose 23.86% last month, beating Wall Street expectations, driven by fourth-quarter 2024 deliveries.

Rivian delivered 14,183 vehicles during the quarter, also exceeding annual guidance, producing 49,476 vehicles and delivering 51,579 vehicles, a slight improvement over 2023 numbers but still significant.

Chart created with Benzinga Pro

On the technical front, Rivian stock is definitely bullish, with price trading above all key moving averages. However, the RSI is at 67.56, indicating that it is approaching overbought levels.

As stock valuations rise, investors must weigh short-term gains against potential corrections.

Conclusion: Dominance VS. potential

Tesla’s scale makes it the leader in the electric vehicle market, but Rivian’s recent momentum could disrupt that. Tesla’s output dwarfs Rivian’s, but the latter’s ability to exceed expectations and its focus on expanding production may appeal to growth-focused investors.

For now, Tesla offers stability and long-term dominance, while Rivian offers the appeal of a promising growth story. The choice ultimately comes down to whether investors seek proven giants or emerging competitors ready to accelerate.

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