5 Reasons I Wouldn't Touch Rivian Stock With a 10-Foot Pole
Electric vehicle start-up Rivian Automotive (NASDAQ: RIVN) came public with a lot of fanfare in late 2021, soaring to a market valuation above $120 billion shortly after its IPO. However, the stock has since cratered by more than 80% from its peak. It seems clear that electric vehicles are poised to play a significant role in the industry moving forward, so some investors might be looking at that decline as a potential buying opportunity.
Consider these five red flags before putting your hard-earned money into the stock. Rivian has a lot of challenges to overcome, and a potentially bumpy road ahead.
Tesla CEO Elon Musk once explained the difficulties of mass-producing vehicles by saying that "building the machine that makes the machine" was one of his company's most complex challenges.
Source Fool.com
