Core Insights - Rivian Automotive is showing signs of correlation with Tesla, suggesting potential investment opportunities in the electric vehicle (EV) sector [5][6][12] Company Overview - Rivian's current market capitalization stands at $19.27 billion, significantly lower than Tesla's $1.47 trillion [7] - Rivian's stock price is currently at $15.74, with a 12-month price target averaging $13.72, indicating a potential downside of 12.85% [14] Market Performance - Both Rivian and Tesla experienced significant corrections in 2025, with Rivian down 31% and Tesla down 48% from their peaks [8] - Since their respective lows, Rivian has rebounded nearly 50%, while Tesla has surged 99% [9] - The correlation in stock movements is evident, with Rivian's performance closely following Tesla's trends over the past year [10][12] Analyst Insights - Wall Street analysts have a consensus Hold rating for Rivian, with forecasts indicating a potential decline in stock price [14][15] - The average price target for Tesla is 26.21% lower than its current trading price, while Rivian's is 13.15% lower [14][15] - Analysts suggest that if Tesla's stock begins to pull back, Rivian may still have upside potential before experiencing a similar retracement [15]