The predicted average cost for Rivian Automotive (RIVN) shares by Wall Street analysts stands at approximately $14.72 each. This implies a possible 16% increase in value within the upcoming year.
As a bystander, it’s evident that some financial experts are expressing optimism that is almost infectious. This week, I noticed Chris McNally from Evercore maintaining his advice to buy the stock. He set a price target of $18 for this stock, which represents approximately a 40% increase in its current value! Quite an enticing potential gain, wouldn’t you agree?
What is making analysts so bullish? The answer is a $1 trillion opportunity.
Who will be the next Tesla?
In terms of electric vehicle stocks, Tesla continues to reign supreme. Currently, its market value hovers around a staggering $1 trillion. On the other hand, Rivian is only worth about $16 billion – barely reaching 1% of Tesla’s magnitude.
A significant amount of worth is encompassed within Tesla’s market value. For instance, it boasts a distributed energy business that surpasses many (if not all) competitors in the field. Moreover, it houses an emerging robotaxi sector which some financial experts speculate could potentially be valued at $1 trillion by itself.
Primarily, Tesla derives most of its income and earnings from electric vehicle (EV) production. This fact serves as a guiding beacon for almost all other EV manufacturers, demonstrating that a valuation of $1 trillion can indeed be achieved with the right growth plan.
Is it feasible for Rivian to reach a valuation of $1 trillion in the near future? While it may still be several years or more, the necessary foundational elements are being established. In the early stages of next year, the company plans to start manufacturing three new vehicles, all priced below $50,000. Additionally, we learned this week that Rivian is making headway with its Georgia plant construction, which will facilitate a significant expansion of these upcoming models.
After Tesla introduced its reasonably-priced vehicles, the Model Y and Model 3, sales significantly increased. Now, these two models make up over 90% of Tesla’s total vehicle earnings. Rivian has an opportunity to achieve similar success in the coming three years, which is why Wall Street remains so hopeful about its future prospects.
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2025-07-22 13:31