If you are an investor interested in owning electric vehicle (EV) stocks, does the recent fall by Tesla mean it's time to move to buy competitors such as Rivian Automotive ( RIVN -1.49%) instead for your portfolio? Let's take a closer look at this smaller EV upstart and see if an answer presents itself.

Investors are cheering signs of a potential truce in the acrimonious feud between President Trump and Elon Musk, and a monthly jobs report which topped estimates.

TheStreet. After demonstrating strong resilience and rising steadily in May 2025, Tesla (TSLA) stock is off to a difficult start for June. CEO Elon Musk finally did what many experts have advocated for and shifted his focus away from Capitol Hill and back to his companies.

Between Tesla (NASDAQ: TSLA) failing to meet the deadlines that Elon Musk sets and Musk's decision to split his time at Tesla with various other endeavors, many investors are losing confidence and questioning whether the stock can recover from its plunge in 2025.

Tesla's stock just wrapped its best month since November 2024, as investors embrace Elon Musk's return to the EV maker after rocky DOGE stint.

In contrast, other business units showed resilience. The energy generation ... the analyst community has an average rating of “Hold” for Tesla stock, with a mean target price of $290.08 ...