Yahoo Finance·2025-09-28 14:45Core Insights - Investors are actively seeking the next Tesla, which has seen its stock value increase by over 34,000% since 2010 [1] - Rivian Automotive and Lucid Group are two prominent electric vehicle stocks, but only one appears to be a clear winner at this time [1] Industry Overview - Tesla has established itself as a leader in the electric vehicle market, producing more battery-powered electric vehicles than any other company last year [4] - The majority of Tesla's production comes from the Model 3 and Model Y, both priced under $50,000, aligning with the preferences of nearly 70% of American car buyers [5][6] - Rivian plans to introduce three new affordable models starting next year, while Lucid's affordable models may not be available until 2027 [6] Growth Potential - Tesla's valuation is supported by its potential in high-growth areas such as robotaxis, which could represent a $5 trillion to $10 trillion market opportunity [7] - A Wall Street analyst predicts Tesla's valuation could reach $2 trillion by the end of 2026, driven by robotaxi growth [7] Valuation Comparison - Tesla shares are trading at 15.8 times sales, despite a decline in revenue, while Rivian and Lucid trade at 3.7 times and 7.6 times sales, respectively [8] - The premium for Tesla's stock is attributed to its ability to capitalize on significant growth opportunities like robotaxis, while Rivian and Lucid are still exploring their growth strategies [8]