Should You Buy Rivian While It's Below $20?
Success in the EV market isn't guaranteed, but Rivian's recent moves appear to be the right ones.
Overview
Electric vehicle makers are facing an uphill battle right now, as high material costs, elevated interest rates, and weak consumer demand are stalling EV sales.
Still, the long-term prospects for EV success, and Rivian Automotive (NASDAQ: RIVN) in particular, haven't completely vanished. Rivian recently began selling its new R2 vehicle, which could be a pivotal move for the company's success.
Details
So, is Rivian stock worth buying now, while it's below $20 per share? Here's what you should know.
Source
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.