12 Best EV Stocks To Buy in 2025

4. Rivian Automotive, Inc. (NASDAQ:RIVN)

Number of Hedge Fund Holders: 40

When Rivian Automotive, Inc. (NASDAQ:RIVN) went public, the company had hardly delivered any of its SUVs or electric trucks, so buying the shares was a huge risk. In 2021, the firm produced more than 1,000 vehicles, which is a small figure when compared to Tesla and other significant automakers. Deliveries were 51,579 automobiles in 2024, with the business projecting 46,000 to 51,000 vehicle deliveries in 2025. Although the delivery estimate is lower than in 2024, it reflects the firm’s decision to halt production lines at its Illinois factory for one month in late 2025 in preparation for the R2’s production debut in the first half of 2026. The stock grew by more than 43% in the last year, making it among the Best EV Stocks.

Rivian Automotive, Inc. (NASDAQ:RIVN) is taking a risk by vertically integrating crucial components such as electronics, the propulsion platform, and software. The strategy may pay off if the business can swiftly increase output in the next years, but it will also result in higher costs in the short term.

Rivian Automotive, Inc. (NASDAQ:RIVN) is moving toward profitability. It reported its first quarterly gross profit of $170 million in Q4 2024. The company has $7.7 billion in cash on its balance sheet, which means that it can afford to lose significant sums as production ramps up. However, if the firm encounters a hindrance, it may face major financial difficulties. The firm is valued at more than $13 billion, which appears to be a reasonable price given its sales.