Is Rivian Stock a Buy Now?
Electric vehicle (EV) maker Rivian Automotive (NASDAQ: RIVN) has big plans in 2025. It could, in fact, become a make-or-break year for the young EV company, and there are reasons to be optimistic about its prospects.
Rivian is carrying momentum into the new year from several sources. Investors have been noting its accomplishments and potential by driving its stock up by about 35% over the last three months. Whether that will continue depends on how the company executes on its expansion plans on several fronts in the coming months.
Interest in electric vehicles continued to grow in 2024, but the rate of growth has slowed. EV sales rose by 7.3% to 1.3 million units in the U.S. last year. Rivian's R1S SUV was the No. 10 best-selling domestic EV in 2024. The company delivered about 51,500 units for the year, consisting of its R1S, R1T pickup truck, and electric commercial van.
Source Fool.com
