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Better Electric Vehicle (EV) Stock: Magna International vs. Rivian


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  Rivian (NASDAQ:RIVN) is growing quickly, but Magna International (TSX:MG) is more profitable.

The article from Fool.ca, published on December 10, 2024, compares two electric vehicle (EV) related stocks: Magna International and Rivian. Magna International, a well-established automotive supplier, has diversified its portfolio to include EV components, positioning it as a less risky investment due to its broad customer base and established business model. On the other hand, Rivian, a newer player in the EV market, focuses on producing electric trucks and SUVs, offering high growth potential but with significant risks due to its lack of profitability, high cash burn rate, and the competitive nature of the EV industry. The article discusses how Magna's stability and lower risk profile might appeal to conservative investors, while Rivian's innovative approach and potential for disruption could attract those with a higher risk tolerance looking for substantial growth. The comparison highlights the different investment strategies one might consider when looking at the EV sector.

Read the Full The Motley Fool Canada Article at:
[ https://www.fool.ca/2024/12/10/better-electric-vehicle-ev-stock-magna-international-vs-rivian/ ]

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