The Motley Foolยท2025-09-21 23:08Core Insights - Tesla's stock has seen significant appreciation, rising from just above $1 in 2010 to over $420 today, indicating a remarkable investment return for early investors [1] - The search for the next major electric vehicle (EV) stock has been challenging, with over 30 EV companies failing in the past decade, highlighting Tesla's unique position in the market [2][4] - Identifying potential successful EV companies involves recognizing those that are about to release affordable models, as this is crucial for achieving scale and profitability [6][7] Company Insights - Rivian is positioned to follow Tesla's growth strategy closely, with its first affordable vehicle, the R2, expected to begin production in early 2026 at a price point of $45,000 [9] - Following the R2, Rivian plans to introduce two additional low-priced models, the R3 and R3X, which would expand its affordable EV offerings beyond Tesla's current lineup [10] - Successful production of the R2 is anticipated to provide Rivian with critical economies of scale and cost savings, enhancing its overall production efficiency and setting the stage for growth in 2026 and beyond [11]