Tesla's recent underperformance has impacted the entire EV market, leading to a slow growth pace for the sector as competition increases.
With many companies struggling for market share, affordability for EVs is improving, making it crucial for investors to explore options beyond Tesla.
Rivian's unique focus on electric SUVs and pickup trucks distinguishes it in the crowded EV market, offering an appealing alternative to traditional car buyers.
While Tesla remains the leader, its price cuts and declining margins signal that there may be better investment opportunities in emerging EV companies.
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