Is It Time to Give Up on Rivian?
Considering the electric vehicle (EV) industry, it's a bad time to have a bad time. One simply needs to glance at Fisker to see that at a time with interest rates making big purchases less enticing, slowing EV demand, and a cash crunch to boot, interest in owning the stock has plunged.
Despite Fisker's woes, as well as the broader industry's cautious growth, it isn't time to give up on Rivian (NASDAQ: RIVN) just yet. Here's why.
While Fisker and Rivian are both pure EV plays, their situation is far from the same. Rivian has proven more capable of producing and delivering its vehicles, making its revenue stream more reliable.
Source Fool.com
