As Tesla stumbles, Rivian is expanding its lineup and improving its manufacturing efficiencies.

The electric vehicle (EV) market is facing an uphill battle right now with rising costs across the industry, growing concerns about the economy, and the loss of federal EV tax credits.

That has put both Rivian Automotive ( RIVN 5.98% ) and Tesla ( TSLA 1.88% ) in a tough spot, but one company appears to be on a better track than the other at the moment. Here's what investors need to know.

Rivian's potential is coming into view

Rivian proved its potential earlier this year with two straight quarters of gross profit, meeting a goal management had set. The company slipped back to a loss recently as tariff costs weighed on results, but investors still got a glimpse of how Rivi

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