1 Reason to Be Very, Very Excited About Rivian Stock Right Now

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like Tesla and Lucid Group. That discount is due to the company's lackluster growth rates in recent quarters. But looking ahead to 2026, Rivian's growth rates should skyrocket. And there's one major reason for this impending growth spurt.According to many valuation metrics, Rivian trades at a sizable discount to other electric vehicle (EV) makers like Tesla and Lucid. Rivian, for example, trades at a price-to-sales ratio of around 3. Lucid shares, meanwhile, trade at around 7 times sales, with Tesla stock trading at an astounding 15 times sales.Why does Rivian trade at such a steep discount? There are two primary reasons.First, Rivian's historical and projected growth rates leave a lot to be desired. Since 2025 began, Rivian has grown revenues by just 3%. Lucid, meanwhile, has grown sales by around 15%. Looking ahead, Rivian is expected to grow sales by just 6% this fiscal year. Lucid, meanwhile, is projected to grow sales by around 61% this fiscal year.Based on these growth statistics, it seems reasonable for Rivian to trade at a discount to Lucid. But here's where things get a little weird. Since 2025, Tesla has actually seen its sales decline by 5.1%. This fiscal year, Tesla is expected to experience a total sales decline of around 4.9%. Why then are Tesla shares trading at such a premium?This brings us to the second reason why Rivian trades at a discount to competitors like Lucid and Tesla. The company doesn't have a clear path toward competing in the global autonomous robotaxi market. Experts like Cathie Wood believe the global robotaxi market could eventually be worth $10 trillion. Tesla has a clear path toward participating through its robotaxi division, which launched in Austin, Texas earlier this year. Lucid, meanwhile, recently partnered with Uber Technologies to supply its robotaxi division.What about Rivian? So far, we haven't heard much about the company's aspirations in this category, potentially leading the market to undervalue the stock. But I predict that Rivian's growth rates should pick up aggressively next year regardless of the company's current lackluster growth rates or its inability to get involved in the robotaxi hype over the short term.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,749.75 -2.75 (-0.04%)Dow Futures46,719.00 -5.00 (-0.01%)Nasdaq Futures24,991.25 -11.75 (-0.05%)Russell 2000 Futures2,482.20 +0.30 (+0.01%)VIX16.10 +0.65 (+4.21%)Gold3,780.20 +5.10 (+0.14%)PortfolioSign in to access your portfolioSign inTop gainersMTSR Metsera, Inc. 53.58 +20.26 (+60.80%)DGNX Diginex Limited 17.75 +4.15 (+30.51%)QMMM QMMM Holdings Limited 105.90 +23.06 (+27.84%)GGAL Grupo Financiero Galicia S.A. 32.03 +5.58 (+21.10%)BBAR Banco BBVA Argentina S.A. 9.85 +1.66 (+20.27%)Top losersCOMP Compass, Inc. 7.92 -1.48 (-15.74%)QUBT Quantum Computing Inc. 20.21 -3.06 (-13.15%)OPEN Opendoor Technologies Inc. 8.38 -1.19 (-12.43%)PTRN Pattern Group Inc. Series A Common Stock 14.00 -1.63 (-10.43%)BMNR Bitmine Immersion Technologies, Inc. 55.10 -6.19 (-10.10%)Most activeNVDA NVIDIA Corporation 183.61 +7.01 (+3.97%)OPEN Opendoor Technologies Inc. 8.38 -1.19 (-12.43%)SNAP Snap Inc. 8.53 +0.37 (+4.53%)PLUG Plug Power Inc. 2.6500 +0.4700 (+21.56%)BBAI BigBear.ai Holdings, Inc. 7.08 +0.23 (+3.36%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersNVDA NVIDIA Corporation 183.61 +7.01 (+3.97%)KVUE Kenvue Inc. 16.97 -1.37 (-7.47%)OPEN Opendoor Technologies Inc. 8.38 -1.19 (-12.43%)RIVN Rivian Automotive, Inc. 15.24 +0.86 (+5.98%)APLD Applied Digital Corporation 24.45 +3.97 (+19.38%)Top economic events