Feb. 8 at 3:40 PM
$TSLA /
$RIVN monthly spread telling a story…
Tesla (
$TSLA ~
$411.11) is still the EV behemoth, but on the monthly chart it’s breaking down and currently testing/backtesting key multi‑year trend support, while Rivian (
$RIVN ~
$14.80) is carving relative strength out of the wreckage.
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TSLA’s massive scale & margin chops keep bulls glued, but tech rotation + mixed auto deliveries and guidance have it lagging the broader EV recovery narrative. Meanwhile, RIVN has been choppy but resilient, with shares holding range and even bouncing on news flows.
Why this matters: When a big blue‑chip leader struggles at major trend support and a smaller underdog holds better relative price action, rotation can flip performance leadership — meaning
$RIVN could outperform
$TSLA from current levels if trends continue. Bulls will want to see RIVN crack higher volume and trend validation, while TSLA needs buyers back at trend support fast.