Is Rivian Stock a Buy?
Rivian Automotive (NASDAQ: RIVN) investors got some meaningful and important news in late June: German automaker announced it was planning to invest up to $5 billion in the electric vehicle (EV) maker as part of what could be a game-changing partnership for the startup.
Investors will next hear from Rivian when it delivers its second-quarter report on Aug. 6. Considering the Volkswagen news, investors might be wondering if they'd be well-advised to buy Rivian stock ahead of that update.
For most stocks, one can usually find arguments in favor of buying or selling. Investors can only weigh those factors and decide what they see as the best course. Investors didn't have many good reasons to buy Rivian over the last year. But the stock has gained momentum in recent months as the buy case has begun to get clearer, and the stock has gained nearly 90% from its 2024 low. Here are three good reasons why I think Rivian still looks like a buy now, and one big hill the EV start-up will need to climb.
Source Fool.com
