Rivian's R2 Has Arrived. Is Now the Time to Buy the Stock?
The new, more modestly priced SUV may capture a greater share of the market.
Rivian's R2 Has Arrived. Is Now the Time to Buy the Stock?
Overview
Rivian Automotive (NASDAQ: RIVN) hasn't been a good stock to own in recent years. Since it went public in late 2021, it has plummeted more than 80% in value, as investors haven't been convinced of its growth story. Its poor financials also haven't helped things, either.
Recently, however, the company began shipping its new R2 SUV to customers, and the new vehicle may open up more growth opportunities for the business. Could this be the game changer the electric vehicle stock needs to take off in value, and is now a good time to buy shares of Rivian?
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
