Should You Buy Rivian While It's Below $12?
Rivian Automotive (NASDAQ: RIVN) stock hasn't been spared from the tariff-inspired market crash. The electric vehicle (EV) company doesn't manufacture overseas, but it still participates in a global supply chain and is reliant on a strong U.S. consumer economy.
The Dow Jones Industrial Average, S 500, Nasdaq Composite, and Russell 2000 each hit 52-week lows as the market panicked over President Donald Trump's global tariff plans. Rivian stock plunged as well, punctuating a 20% drop over the last three months.
That could be a buying opportunity for investors as Rivian enters a critical and transformational period. One Wall Street analyst who recently hosted a talk by Rivian CEO R.J. Scaringe does believe now is the time to jump into Rivian stock.
Source Fool.com
