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Down 63%, Here Are the Pros and Cons of Investing in Rivian Automotive Stock Today

TheMotleyFool

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Down 63%, Here Are the Pros and Cons of Investing in Rivian Automotive Stock Today: https://g.foolcdn.com/editorial/images/696824/close-up-of-a-person-charging-a-yellow-electric-vehicle.jpg

Rivian Automotive (NASDAQ: RIVN) entered the stock market in November 2021 with a lot to prove, but the company has yet to live up to the hype. The pure-play electric vehicle (EV) manufacturer, which is focused on developing electric trucks and SUVs, has shed 63% of its value since the beginning of the year, leaving its market capitalization at $34.5 billion today.

The company posted its second-quarter financial results on Aug. 11, which had some good and not so good components. But in light of its ongoing pullback, is now the prime moment to buy Rivian stock? Let's examine the pros and cons of investing in the EV company right now.

Image source: Getty Images.

Source Fool.com

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