Is Rivian Stock a Buy Now?

Rivian Automotive (NASDAQ: RIVN) is an electric vehicle start-up trying to use new technology as a way to break into a mature and highly competitive industry. That is a tall order, but it has been done before, with showing that it is indeed possible.

But it is also possible that Rivian could fall short of its goal, as many upstart electric vehicle (EV) companies have also done. So, the big question is: Is the stock worth buying now?

At its core, Rivian is an industrial business built around manufacturing highly complex and expensive products. Creating such a business from the ground up is very time-consuming and very expensive, which helps to explain why Rivian is bleeding red ink today. And it is highly likely to keep posting losses for years to come. If you are a conservative investor, you will probably want to avoid Rivian stock.

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Source Fool.com