Tesla Stock Crash: Time to Rotate and Buy Rivian Instead?

The markets saw history made earlier this month after President Donald Trump and Tesla (NASDAQ: TSLA) CEO Elon Musk had a disagreement over public policy via social media in front of the whole world. As a result, Tesla's stock lost about $150 billion in market capitalization in a single day (a new company record). The stock has recovered a bit of that 15% drop, but it is still down about 6% just since the end of May. It would seem that investors are getting increasingly pessimistic about Tesla's future. Its financials and leading trends look ugly right now.If you are an investor interested in owning electric vehicle (EV) stocks, does the recent fall by Tesla mean it's time to move to buy competitors such as Rivian Automotive (NASDAQ: RIVN) instead for your portfolio? Let's take a closer look at this smaller EV upstart and see if an answer presents itself.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool