Last updated: January 29, 2026

Tesla vs Rivian: EV Stock Showdown in 2025

The electric vehicle market is heating up. Tesla faces new competition while Rivian grows from a smaller base. Here’s how they compare.

TL;DR

• Tesla trades at roughly 70–80x earnings; Rivian is not yet profitable, trading on revenue multiple (~3–4x)
• Tesla has massive scale advantage; Rivian targets premium segments with differentiation
• Our view: Tesla for established market leader; Rivian for high-risk/high-reward speculation

Key Takeaways

• Production scale: Tesla produces roughly 2 million vehicles annually; Rivian produces roughly 50,000
• Profitability: Tesla is highly profitable; Rivian is still burning cash
• Technology: Tesla’s vertical integration vs Rivian’s partnerships
• Market position: Tesla is mainstream; Rivian targets outdoor/adventure niche

Quick Compare

Tesla Overview

What they do: EVs, energy storage, solar, software (FSD, robotaxi).

Strengths: Brand, manufacturing scale, charging network, energy business growth.

Risks: Increased competition, margin pressure, execution on new products.

Rivian Overview

What they do: Premium EVs (R1T truck, R1S SUV, commercial van).

Strengths: Product design, outdoor/adventure brand, Amazon partnership.

Risks: Cash burn, production scaling challenges, competition.

Head-to-Head Analysis

Production Scale: Tesla — Massive advantage, established manufacturing.

Profitability: Tesla — Rivian needs years to reach profitability.

Valuation: Rivian — Much cheaper on revenue basis, but higher risk.

Growth Potential: Rivian — From smaller base, more percentage upside if successful.

Bottom Line

Tesla is the established leader with profitability and scale. Rivian is high-risk speculation with potential upside if execution improves.