Is Rivian Stock Yesterday's News?
Rivian (NASDAQ: RIVN) is gearing up to launch its next vehicle platform, and the stock price has surged by roughly 36% over the last year in anticipation. Still, the electric vehicle (EV) company's share price is down by roughly 90% from the all-time high it touched in late 2021 -- and big questions remain about the business's potential path to profitability.
Growth in the EV market has slowed substantially since the company held its initial public offering in 2021, and the rise of competition from Chinese manufacturers could seriously dampen Rivian's growth trajectory. Is Rivian stock yesterday's news, or could the EV maker carve out a durable position that translates into big returns for shareholders who buy now?
Image source: Rivian.
Source Fool.com
