Think It's Too Late to Buy Rivian? Here's the Biggest Reason There's Still Time.

Looking at the sales growth for Rivian Automotive (NASDAQ: RIVN) in recent years, it's easy to believe that it's too late for new investors. But now is arguably the best time ever to bet on this high-growth electric vehicle (EV) stock. When you dig into the numbers, there's a lot to love about Rivian's valuation and prospects right now. Let's dive in.Rivian's sales base has grown by more than 1,000% since its initial public offering (IPO) in 2021. But the stock price has fallen by roughly 90% over that time frame. What happened?First, the hype for EV stocks in 2021 was simply way too high. There's a reason several EV makers decided to go public that year. Second, sales growth for EVs in general was below expectations.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool